EX-5 4 c50929_ex5.txt Exhibit 5 November 6, 2007 General Electric Capital Corporation 260 Long Ridge Road Stamford, CT 06927 Ladies and Gentlemen: I have examined the Post-Effective Amendment No. 2 dated November 6, 2007 to the Registration Statement on Form S-3 originally filed on March 29, 2006 and amended by Post-Effective Amendment No. 1 dated April 5, 2006 by General Electric Capital Corporation (the "Company") with the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended, for the registration of an unlimited aggregate principal amount of the Company's debt securities, including Subordinated Debentures (the "Notes"), Variable Cumulative Preferred Stock, par value $100 per share, Preferred Stock, par value $.01 per share (collectively, the "Preferred Stock")and guarantees and letters of credit (collectively, the "Support Obligations"). This opinion refers to (i) Notes issued from time to time under one of four indentures, one of which is a Third Amended and Restated Indenture dated as of February 27, 1997 between the Company and The Bank of New York, as successor trustee, as supplemented through the date hereof, one of which is an Amended and Restated Indenture dated as of February 28, 1997 between the Company and The Bank of New York, as successor trustee, as supplemented through the date hereof, one of which is an Amended and Restated Subordinated Debt Indenture dated as of July 15, 2005 between the Company and The Bank of New York, and one of which is an Indenture for Subordinated Debentures dated as of September 1, 2006 between the Company and The Bank of New York, as successor trustee (each of such indentures, as so supplemented, as the case may be, being herein called a "Debt Indenture" and such indentures being collectively called the "Debt Indentures"); (ii) any Preferred Stock issued in series pursuant to the terms set forth in Certificate of Incorporation of the Company, as amended and supplemented from time to time; and (iii) Support Obligations, issued from time to time under an indenture which is dated as of June 3, 1994 between the Company and The Bank of New York, as successor trustee, as supplemented through the date hereof (the indenture, as supplemented being called herein the "Support Indenture"). I have reviewed such corporate records, certificates and other documents as I have considered necessary or appropriate for purposes of this opinion. Based on the foregoing and subject to the qualifications set forth below, I am of the opinion that: 1. When, as, and if: (i) the issuance of the Notes and approval of the final terms thereof have been duly authorized by appropriate corporate action and (ii) the Notes have been duly executed, authenticated and delivered against payment therefor; then, subject to the final terms of the Notes being in compliance with then applicable law, the Notes will be valid and binding obligations of the Company, enforceable against the Company in accordance with their terms and will entitle the holders thereof to the benefits provided by the related Debt Indenture or Debt Indentures, as the case may be. 2. When, as, and if: further action by the Board of Directors or a duly authorized committee thereof, establishing the designation of, and certain other particular terms of, the Preferred Stock of any series and approving the Certificate of Designations relating to such series, has been taken, (ii) such Certificate of Designations has been duly filed with the Secretary of the State of Delaware, and (iii) the Preferred Stock has been issued and delivered in accordance with its terms and applicable law against full payment therfor; then, the shares of Preferred Stock will have been duly authorized by appropriate corporate action and the shares of Preferred Stock of such series will be validly issued, fully paid and non assessable. 3. When, as, and if: (i) the issuance of Support Obligations and approval of the final terms thereof have been duly authorized by appropriate corporate action and (ii) the Support Obligations have been duly executed and delivered; then, subject to the final terms of the Support Obligations being in compliance with then applicable law, the Support Obligations will be valid and binding obligations of the Company, enforceable against the Company in accordance with their terms. The opinions expressed above with respect to enforceability are given as of the date hereof and are subject to the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' rights generally and to general equitable principles (regardless of whether the issue of enforceability is considered in a proceeding in equity or at law). The above opinions are also subject to (i) the Registration Statement being effective pursuant to applicable law and (ii) the issuance of any legally required consents, approvals, authorizations or orders of the Commission and any other regulatory authority. I hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the references to my delivery of this opinion under the caption "Legal Opinions" in the Registration Statement. Very truly yours, /s/ Alan M. Green