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GA HB1162

Bill

Status

Introduced

2/2/2026

Primary Sponsor

El-Mahdi Holly

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Corporations and LLCs that own interests in three or more multifamily residences (properties with 4+ dwelling units) must report a list of those properties and their addresses to the Secretary of State as part of annual filings

  • Subsidiaries of corporations and LLCs with controlling interests must also comply with the reporting requirement if they own three or more multifamily residences

  • The Secretary of State must publish the reported property information on the Georgia Corporations Division website alongside the entity's business information

  • When a subsidiary owns qualifying properties, the information must be published with both the subsidiary's records and the parent/controlling corporation's records

  • Effective July 1, 2026, applying to all annual filings made on or after that date

Legislative Description

Corporations; require corporations and limited liability companies and their subsidiaries to provide certain information to the Secretary of State if they own a certain number of multifamily residences

Last Action

House Second Readers

2/4/2026

Committee Referrals

Judiciary2/3/2026

Full Bill Text

No bill text available