Georgia § 7-1-130 - Permissible names.
Full text of Georgia Official Code of Georgia Annotated § 7-1-130 — Permissible names., with citation guidance and answers to common questions.
§ 7-1-130. Permissible names.
The name of a financial institution shall not contain the words "Government," "Official," "Federal," "National," or "United States" or any abbreviation of any such words and shall not in the opinion of the department: Be indistinguishable from the corporate name of another financial institution conducting a banking business in this state as reflected in the records of the department; or Contain any word which may lead to the conclusion that the financial institution is authorized to perform any act or conduct any business which it is unauthorized or forbidden to perform by law, its articles, or otherwise. A financial institution may, without regard to subsection (a) of this Code section, use: Its name in use on April 1, 1975; A name in use on April 1, 1975, by another financial institution which is adopted by: A financial institution which is the resulting institution in a plan of merger or consolidation to which the institution using the name is a party; or A financial institution which is incorporated under this chapter in pursuance of a plan of segregating the banking business and the trust business of the institution using the name; or A name of another financial institution already transacting business with the consent of the latter institution, provided that the names are distinguishable in the records of the Secretary of State. (Code 1933, § 41A-601, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1998, p. 795, § 10.) Cross references. - Further restrictions on use of names by banks and trust companies, § 7-1-243 . Restriction on use of terms "savings and loan," "building and loan," § 7-1-779 . Permissible corporate names generally, § 14-2-401 . Use of corporate names by Secretary of State corporations, §§ 14-4-22 , 14-4-25 .
Frequently Asked Questions About Georgia § 7-1-130
What does Official Code of Georgia Annotated § 7-1-130 cover?
Section 7-1-130 ("Permissible names.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 7-1-130?
A common citation format is "Official Code of Georgia Annotated § 7-1-130" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 7-1-130 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.