Ga. Code § 7-1-1122

Current through 2023-2024 Legislative Session Chapter 709
Section 7-1-1122 - Operations

A foreign bank with an out-of-state branch or agency may, with the approval of the department:

(1) Establish a Georgia state branch or Georgia state agency;
(2) Acquire or merge with another foreign bank maintaining a Georgia state branch or Georgia state agency and after the acquisition or merger continue the operations as its own; or
(3) Acquire or establish a Georgia state branch or Georgia state agency through another means not inconsistent with 12 U.S.C. Section 3102 of the International Banking Act.

OCGA § 7-1-1122

Amended by 2024 Ga. Laws 701,§ 1, eff. 7/1/2024.
Added by 2023 Ga. Laws 348,§ 48, eff. 7/1/2023.