Georgia § 7-1-231 - Acquisition of control without permission prohibited.
Full text of Georgia Official Code of Georgia Annotated § 7-1-231 — Acquisition of control without permission prohibited., with citation guidance and answers to common questions.
§ 7-1-231. Acquisition of control without permission prohibited.
It shall be unlawful for a person, acting directly or indirectly or through concert with one or more persons, to acquire control of any financial institution through a purchase, assignment, pledge, or other disposition of voting stock of such institution, except with the approval of the department or as otherwise permitted by this part. (Code 1933, § 41A-1001, enacted by Ga. L. 1980, p. 1076, § 1.) Cross references. - Requirement that department be notified of change in ownership of or right to vote outstanding shares of bank or trust company which will result in control or change in control of the bank or trust company, § 7-1-236 .
Frequently Asked Questions About Georgia § 7-1-231
What does Official Code of Georgia Annotated § 7-1-231 cover?
Section 7-1-231 ("Acquisition of control without permission prohibited.") 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 § 7-1-231?
A common citation format is "Official Code of Georgia Annotated § 7-1-231" (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 § 7-1-231 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.