Georgia § 7-1-390 - 1. Organization of bank or trust company as limited liability company; promulgation of rules and regulations governing.
Full text of Georgia Official Code of Georgia Annotated § 7-1-390 — 1. Organization of bank or trust company as limited liability company; promulgation of rules and regulations governing., with citation guidance and answers to common questions.
§ 7-1-390. 1. Organization of bank or trust company as limited liability company; promulgation of rules and regulations governing.
Subject to the requirements and restrictions of this chapter including, but not limited to, deposit insurance requirements where applicable, a bank or trust company may organize as a limited liability company pursuant to Chapter 11 of Title 14. The department shall have the authority to promulgate rules and regulations in accordance with Code Section 7-1-3 specifying the conditions under which a bank or trust company may organize as a limited liability company. To the extent the provisions of Chapter 11 of Title 14 are consistent with and not in conflict with the provisions of this chapter and the rules and regulations of the department, such provisions shall apply to a bank or trust company that has organized as a limited liability company. (Code 1981, § 7-1-390.1 , enacted by Ga. L. 2003, p. 843, § 4.)
Frequently Asked Questions About Georgia § 7-1-390
What does Official Code of Georgia Annotated § 7-1-390 cover?
Section 7-1-390 ("1. Organization of bank or trust company as limited liability company; promulgation of rules and regulations governing.") 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 § 7-1-390?
A common citation format is "Official Code of Georgia Annotated § 7-1-390" (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 § 7-1-390 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.