Georgia Code — 7
Browse 687 sections in division 7 of the Georgia code. Each section page includes the full statutory text, official source links, and citation guidance.
Sections (showing up to 300)
- § 7-1-1. Short title.
- § 7-1-2. Legislative findings.
- § 7-1-3. Objectives of chapter; standards for construction and regulation.
- § 7-1-4. Definitions.
- § 7-1-5. Unauthorized activity as a financial institution.
- § 7-1-6. Notices; waivers of notice.
- § 7-1-7. Publication of notices or advertisements.
- § 7-1-8. Applicability of common law.
- § 7-1-9. Reservation of power over financial institutions.
- § 7-1-10. Rules of construction.
- § 7-1-11. Registration of nonresident corporations.
- § 7-1-30. Department created.
- § 7-1-31. Position and term of commissioner.
- § 7-1-32. Qualifications of commissioner.
- § 7-1-33. Removal or suspension of commissioner.
- § 7-1-34. Vacancy in office of commissioner.
- § 7-1-35. Deputy commissioners, examiners, and assistants.
- § 7-1-36. Oath of commissioner, deputy commissioner, and examiners.
- § 7-1-37. Restrictions on commissioner, deputy commissioners, and examiners.
- § 7-1-38. Commissioner's office expenses.
- § 7-1-39. Seal of department; evidentiary effect.
- § 7-1-40. Delegation of authority by commissioner.
- § 7-1-41. Prescribing fees; payment procedure.
- § 7-1-42. Enforcement of payment.
- § 7-1-43. Disposition of fees collected; payment of expenses from appropriations.
- § 7-1-60. General scope of supervision.
- § 7-1-61. Rules and regulations.
- § 7-1-61. 1. Expansion of power for banks and credit unions; role of commissioner; documentation to legislative committees.
- § 7-1-62. Accounting procedures.
- § 7-1-63. Retention of records.
- § 7-1-64. Department examinations and investigations; disclosure of information or prior notice regarding examinations of financial institutions.
- § 7-1-65. Examinations and investigations on request.
- § 7-1-66. Method of examination and investigations; special examiners; subpoenas.
- § 7-1-67. Reports of examinations.
- § 7-1-68. Reports to department; penalty for noncompliance.
- § 7-1-69. Retention of reports.
- § 7-1-70. Disclosure of information.
- § 7-1-71. Removal of officers, directors, or employees.
- § 7-1-72. Regulation of persons performing services for financial institutions.
- § 7-1-73. Regulation of affiliates.
- § 7-1-74. Annual report of department.
- § 7-1-75. Discretion of department.
- § 7-1-76. Department may act after time limit without resubmittal; withdrawal of applications and requests; imposition of conditions; nullification.
- § 7-1-77. Approval by commissioner of state rules and regulations affecting financial institutions.
- § 7-1-78. Agreements with other supervisory or regulatory authorities.
- § 7-1-79. Discretionary expedited approval process; considerations.
- § 7-1-90. Judicial review of department actions.
- § 7-1-91. Orders by department; enforcement; civil penalty.
- § 7-1-92. Forfeiture proceedings.
- § 7-1-93. Injunction and other actions by department.
- § 7-1-94. Evidential value of results of examinations or investigations; editing out of information tending to undermine public confidence in financial institution.
- § 7-1-95. Admissibility of department's certificates and copies.
- § 7-1-96. Liability on bonds for nonperformance of duty.
- § 7-1-97. Costs of actions by or against department.
- § 7-1-98. Department of Law to advise department.
- § 7-1-99. Duties and responsibilities of department regarding interest and usury complaints; advisory opinions; effect.
- § 7-1-110. Permissive closing days; deferral of business conducted on Saturday.
- § 7-1-110. 1. Posting notice of intent to close banking location.
- § 7-1-111. Emergency closings.
- § 7-1-111. 1. Posting notice of intent to close banking location.
- § 7-1-112. Business restrictions.
- § 7-1-113. Voluntary dissolution prior to commencement of business; failure to properly file articles of dissolution; power of department to seek dissolution.
- § 7-1-114. Voluntary dissolution after commencement of business.
- § 7-1-115. Winding up voluntary dissolution proceedings.
- § 7-1-116. Articles of dissolution where business commenced; procedure if not filed.
- § 7-1-117. Certificate of dissolution.
- § 7-1-130. Permissible names.
- § 7-1-131. Reservation of name.
- § 7-1-132. Registered agent and office.
- § 7-1-133. Prohibited advertising.
- § 7-1-134. Unfair competition, unfair trade practice, and trade name and trademark laws unaffected.
- § 7-1-150. Taking of possession by department; cumulative remedies.
- § 7-1-151. Status of department as receiver; restrictions on appointment.
- § 7-1-152. General assignment prohibited; taking of possession upon request.
- § 7-1-153. Posting of notice of taking possession.
- § 7-1-154. Certificate of possession; naming deputy receiver.
- § 7-1-155. Injunction to restrain department.
- § 7-1-156. Supervision of department by court.
- § 7-1-157. General powers of department in possession.
- § 7-1-158. Appointment of deputy receivers, counsel, and other assistants.
- § 7-1-159. Suspension or continuation of business.
- § 7-1-160. Determination to liquidate; filing of supplemental certificate.
- § 7-1-161. Powers and duties of department before and after determination to liquidate.
- § 7-1-162. Inventory and appraisement.
- § 7-1-163. Notice to holders of assets; power of court to order transfer.
- § 7-1-164. Power of department to borrow money.
- § 7-1-165. Surrender of burdensome assets.
- § 7-1-166. Compromise of claims; extension of mortgages or notes.
- § 7-1-167. Payment of mortgages and liens; protection of equities.
- § 7-1-168. Sales of real property.
- § 7-1-169. Leases of property.
- § 7-1-170. Sales or exchanges of securities; sales of liens or personal property.
- § 7-1-171. Deposit of moneys by department.
- § 7-1-172. Disposition of property in safe-deposit vault or held for safekeeping.
- § 7-1-173. Bringing or defending actions.
- § 7-1-174. Surrender of possession by department prior to final liquidation; special liquidations and reorganizations.
- § 7-1-175. Ability of department to reject executory contract or lease of financial institution in receivership.
- § 7-1-176. Sale of assets of financial institution in receivership.
- § 7-1-190. Preservation of assets; proceedings in lieu of attachment, execution, or repossession.
- § 7-1-191. Exclusivity of claims procedure; effect of receivership on pending actions.
- § 7-1-192. Notice to depositors and other creditors to present claims.
- § 7-1-193. Proof of claims of depositors.
- § 7-1-194. Proof of claims of creditors.
- § 7-1-195. Allowance of claims.
- § 7-1-196. Advance payment of dividends to depositors.
- § 7-1-197. Expenses of administration.
- § 7-1-198. Filing or ordering partial or final account; notice of filing; exceptions.
- § 7-1-199. Adjudication of rejected claims and exceptions to account.
- § 7-1-200. Confirmation of account; distribution of dividends; final disposition of assets insufficient for distribution; cancellation of articles.
- § 7-1-201. Unclaimed dividends.
- § 7-1-202. Order of payment of liabilities; secured or preferred claims and liens.
- § 7-1-203. Subrogation of insurer of deposits or shares.
- § 7-1-204. Liquidation of excess assets by trustees.
- § 7-1-205. Destruction of records.
- § 7-1-220. Definitions and applicability.
- § 7-1-221. Status of department in relation to trust and pooled assets.
- § 7-1-222. Jurisdiction of court over trust and pooled assets.
- § 7-1-223. Substituted trustee or manager for trust and pooled assets.
- § 7-1-224. Transfers to substituted trustee or manager without accounting.
- § 7-1-225. Transfers to substituted trustee or manager with accounting; deficiencies.
- § 7-1-230. Definitions.
- § 7-1-231. Acquisition of control without permission prohibited.
- § 7-1-232. Notice of proposed acquisition required; approval or disapproval by department; judicial review.
- § 7-1-233. Contents of notice.
- § 7-1-234. Grounds for disapproving proposal.
- § 7-1-235. Part inapplicable to bank holding company transactions.
- § 7-1-236. Report of change in control.
- § 7-1-237. Reimbursement of costs incurred in answering subpoena, garnishment, or order; subpoena to be answered within five days.
- § 7-1-239. Definitions; payment of large deposits of deceased intestate depositors; affidavit for disbursement; form for affidavit.
- § 7-1-239. 1. Payment of checks or instruments payable to deceased intestate persons; affidavit included with application for payment.
- § 7-1-239. 5. Fee for instruments drawn on other institutions.
- § 7-1-239. 6. Convenience fees.
- § 7-1-239. 10. Definitions; conduct of savings promotion raffles; application.
- § 7-1-240. Powers and restrictions applicable when acting as bank and trust company.
- § 7-1-241. Restrictions on engaging in banking business.
- § 7-1-242. Restriction on corporate fiduciaries.
- § 7-1-243. Restrictions on banking and trust nomenclature.
- § 7-1-244. Deposit insurance requirements; public notices when deposits not properly insured.
- § 7-1-260. General corporate powers.
- § 7-1-261. Additional operational powers.
- § 7-1-262. Power to hold real estate; prior approval of acquisitions.
- § 7-1-263. Property held to avoid loss.
- § 7-1-280. Major banking powers.
- § 7-1-281. Participation in federal programs.
- § 7-1-282. Direct leasing of personal and real property.
- § 7-1-283. Participations.
- § 7-1-284. Acceptances.
- § 7-1-285. Limits on obligations of one person or corporation.
- § 7-1-286. Real estate loans; acquisition by bank or trust company of ownership interest.
- § 7-1-287. Dealings in securities; conflicts of interest; divestiture and fines.
- § 7-1-288. Corporate stock and securities.
- § 7-1-289. Security for deposits.
- § 7-1-290. Powers as surety or guarantor.
- § 7-1-291. Borrowings; liabilities not subject to restrictions; restrictions; borrowing for emergencies.
- § 7-1-292. Interest and fees.
- § 7-1-293. Savings banks and state savings and loan associations.
- § 7-1-294. Transaction of business on holidays and outside of banking hours.
- § 7-1-295. Transaction fees charged by operators of automated teller machines.
- § 7-1-296. "Federal power" defined; construction with federal law; notifications; objections; authority; construction.
- § 7-1-310. Powers to act as fiduciary and in other representative capacities.
- § 7-1-311. Operations as a fiduciary.
- § 7-1-312. Nonfiduciary investments.
- § 7-1-313. Collective investment funds.
- § 7-1-314. Purchase in fiduciary capacity of securities underwritten by syndicate including institution.
- § 7-1-315. Satisfaction of fiduciary obligations respecting investment of funds awaiting investment or distribution and charging of fees.
- § 7-1-316. Irrevocable letter of credit or pledge of securities for receivership contingency.
- § 7-1-317. Minimal amount of capital.
- § 7-1-318. Prohibition on pledging or creating a lien by trust companies; void actions.
- § 7-1-320. Definitions.
- § 7-1-321. Affiliate transfers authorized; powers and duties of affiliated trust company transferees.
- § 7-1-322. Effect of affiliate transfer on bank; abandonment of transfer; substituted fiduciary.
- § 7-1-323. Appointment of affiliated trust company as agent for bank; liability of bank for actions of agent.
- § 7-1-324. Designation of affiliate trust company as successor fiduciary.
- § 7-1-325. Other banking laws unaffected by part.
- § 7-1-330. Definitions.
- § 7-1-331. Organization; approval by department.
- § 7-1-332. Incorporation.
- § 7-1-333. Limitations on investments.
- § 7-1-334. Corporate powers; limitations and restrictions.
- § 7-1-335. Rules and regulations; examinations.
- § 7-1-336. Advertisement of participation; financial reports.
- § 7-1-337. Investment advisers.
- § 7-1-338. Prohibition on refusing participation.
- § 7-1-350. Notice of rules governing deposits.
- § 7-1-351. Minors' deposits and safe-deposit agreements.
- § 7-1-352. Deposit by agent, trustee, or other fiduciary.
- § 7-1-353. Adverse claims to deposits and property held in safe deposit.
- § 7-1-354. Money received for transmission.
- § 7-1-355. Agreements concerning safe deposits.
- § 7-1-356. Procedures on death or incompetence of safe depositor.
- § 7-1-357. Payment of deposit of deceased depositor; deposit by nursing home of moneys left in its possession upon death of resident.
- § 7-1-358. Dormant accounts.
- § 7-1-359. Fee prohibited for conducting search of dormant, abandoned, or unclaimed deposit accounts; commission or finder's fee allowed.
- § 7-1-360. Third-party claims; notification of disclosure by third party to depositor; motion to quash disclosure.
- § 7-1-370. Deposits by financial institutions.
- § 7-1-371. Legal reserve requirements; notice of deficiency; penalty; effect of deficiency.
- § 7-1-372. Collection charge; service charge.
- § 7-1-390. Incorporators.
- § 7-1-390. 1. Organization of bank or trust company as limited liability company; promulgation of rules and regulations governing.
- § 7-1-391. Prohibition of promoters' fees.
- § 7-1-392. Articles of incorporation; advertisement of articles or notice of application; naming registered agent.
- § 7-1-393. Additional filings with department; fees.
- § 7-1-394. Investigation; approval or disapproval by department; abbreviated procedures.
- § 7-1-395. Issuance of certificate of incorporation.
- § 7-1-396. Effect of certificate of incorporation; permit to begin business.
- § 7-1-397. Organizational meetings.
- § 7-1-398. Liability for premature business.
- § 7-1-410. Minimum capital stock.
- § 7-1-411. Paid-in capital and appropriated retained earnings.
- § 7-1-412. Beginning business expense fund.
- § 7-1-413. Classes of shares.
- § 7-1-414. Purchase, redemption, and convertibility of shares and debt securities.
- § 7-1-415. Consideration for shares.
- § 7-1-416. Method of issuance.
- § 7-1-417. Share certificates and debt security instruments.
- § 7-1-418. Issuance and transfer of fractional shares or scrip.
- § 7-1-419. Subordinated securities.
- § 7-1-430. Liability of subscribers and shareholders.
- § 7-1-431. Preemptive rights.
- § 7-1-432. Meetings of shareholders.
- § 7-1-433. Closing of transfer books or fixing record date.
- § 7-1-434. Voting list.
- § 7-1-435. Quorum of shareholders.
- § 7-1-436. Voting of shares.
- § 7-1-437. Proxies.
- § 7-1-438. Shareholders' agreements.
- § 7-1-439. Books and records.
- § 7-1-440. Derivative actions by shareholders; when proper.
- § 7-1-441. Derivative actions by shareholders.
- § 7-1-460. Restrictions on payment of dividends; limitation of actions for dividends or distributions.
- § 7-1-461. Distribution upon reduction of capital stock or paid-in capital.
- § 7-1-462. Dividends and distributions must be authorized by chapter.
- § 7-1-463. Preferred share acquisition.
- § 7-1-480. Board of directors.
- § 7-1-481. Adopting, amending, and repealing bylaws.
- § 7-1-482. Number, term, and compensation of directors; effect of failure to maintain at least five directors.
- § 7-1-483. Meetings of board; quorum; committees; acting without meeting.
- § 7-1-484. Oath of directors; liability of persons who have not subscribed to such oath.
- § 7-1-485. Removal of directors; vacancies.
- § 7-1-486. Honorary and advisory positions.
- § 7-1-487. Audits and financial reports.
- § 7-1-488. Officers, agents, and employees; employee share plans.
- § 7-1-489. Fidelity bonds.
- § 7-1-490. Responsibility of directors and officers; delegation of investment decisions.
- § 7-1-491. Financing involving directors or officers.
- § 7-1-492. Prohibitions applicable to directors, officers, and employees.
- § 7-1-493. Actions against directors and officers.
- § 7-1-494. Liability of directors in certain cases.
- § 7-1-510. Authorized amendments; articles entirely restated; notice to Secretary of State.
- § 7-1-511. Proposal and adoption of amendments.
- § 7-1-512. Execution, contents, filing, and effect of articles of amendment.
- § 7-1-513. Certification of articles of amendment; delivery to bank or trust company; publication of notice.
- § 7-1-514. Approval or disapproval of articles of amendment.
- § 7-1-515. Issuance of certificate of amendment.
- § 7-1-516. Effect of certificate of amendment.
- § 7-1-530. Authority to merge or consolidate; merger, consolidation, or share exchange across state lines; required provisions of the merger plan.
- § 7-1-531. Requirements for merger, share exchange, or consolidation plan; modification of plan.
- § 7-1-532. Execution, contents, and filing of articles of merger, share exchange, or consolidation; notice; filing amendment.
- § 7-1-533. Additional filings with department.
- § 7-1-534. Approval or disapproval by department.
- § 7-1-535. Procedure after approval by department; federal approval or disapproval; issuance of certificate of merger, share exchange, or consolidation.
- § 7-1-536. Effect of merger, share exchange, or consolidation.
- § 7-1-537. Rights of dissenting shareholders; surrender of certificates.
- § 7-1-550. Authority for national bank or federal savings bank to state bank or trust company conversions, mergers, and consolidations; activities across state lines; conversion of federal savings bank to state bank.
- § 7-1-551. National bank to state bank or trust company conversions, mergers, and consolidations - Articles of conversion, merger, or consolidation.
- § 7-1-552. National bank to state bank or trust company conversions, mergers, and consolidations - Filings with department; publication of notice.
- § 7-1-553. National bank to state bank or trust company conversions, mergers, and consolidations - Approval or disapproval by department; federal approval or disapproval.
- § 7-1-554. National bank to state bank or trust company conversions, mergers, and consolidations - Issuance of certificate of conversion, consolidation, or merger.
- § 7-1-555. National bank to state bank or trust company conversions, mergers, and consolidations - Effect of issuance of certificate.
- § 7-1-556. State bank or trust company to national bank or federal savings institution conversions, mergers, or consolidations.
- § 7-1-557. Merger, consolidation, or share exchange of nonbank corporations into national banks.
- § 7-1-570. Secured transactions and other dispositions of assets not requiring shareholder approval.
- § 7-1-571. Sale, lease, exchange, or other disposition of assets requiring shareholder approval.
- § 7-1-572. Right of shareholder to dissent.
- § 7-1-590. Definitions.
- § 7-1-591. Establishment of representative office by bank or bank holding company domiciled in state; out of state activities.
- § 7-1-592. Establishment of representative office by bank or holding company domiciled in state or outside of state; conformance with requirements of primary regulator.
- § 7-1-593. Registration of bank or bank holding company having representative office in state.
- § 7-1-594. Registration of banks or bank holding companies conducting agency relationships.
- § 7-1-600. Definitions.
- § 7-1-601. Branch offices.
- § 7-1-602. Applications for branch offices.
- § 7-1-603. Extension of existing banking locations; automated teller machines, cash dispensing machines, point-of-sale terminals, and other extensions.
- § 7-1-604. Banking business prohibited except as allowed by Title 7 or applicable federal law.
- § 7-1-605. Bank holding companies - Definitions; when company deemed to control shares.
- § 7-1-606. Bank holding companies - Actions unlawful without prior approval of commissioner; exceptions.
- § 7-1-607. Bank holding companies that control a bank - Registration, reporting, examinations, and control.
- § 7-1-608. Bank holding companies - Lawful and unlawful acquisitions, formations, and mergers; waivers.
- § 7-1-609. Civil actions by department to enforce part.
- § 7-1-610. National bank rights.
- § 7-1-611. Penalties for violations.
- § 7-1-612. Power of banks to contract with other banks for trust services.
- § 7-1-620. Purpose of this part.
- § 7-1-621. Definitions.
- § 7-1-622. Provisions applicable to interstate acquisitions or mergers by bank holding companies; eligibility of applicants; commissioner's ruling required.
- § 7-1-623. Acquisitions not requiring department approval.
- § 7-1-624. Prohibited acquisitions.
- § 7-1-625. Provisions applicable to, and qualification of, bank holding companies in state; reciprocal agreements; confidentiality of reports.
- § 7-1-626. Severability; construction with other laws.
- § 7-1-627. Resolution to except bank or bank holding company from acquisition; severability.