Georgia § 7-1-591 - Establishment of representative office by bank or bank holding company domiciled in state; out of state activities.
Full text of Georgia Official Code of Georgia Annotated § 7-1-591 — Establishment of representative office by bank or bank holding company domiciled in state; out of state activities., with citation guidance and answers to common questions.
§ 7-1-591. Establishment of representative office by bank or bank holding company domiciled in state; out of state activities.
A bank domiciled in this state and operating under the laws of this state or a subsidiary or agent of such bank may establish a representative office anywhere in the state upon registering with the department. A bank holding company domiciled in this state and operating under the laws of this state or a nonbank subsidiary or agent of such bank holding company may establish a representative office anywhere in this state upon registering with the department. Subject to any limitation or restrictions of the host state and upon registering the representative office with the department, a Georgia chartered bank may conduct any activities at any representative office outside Georgia that are authorized by Georgia law or that are permissible for a bank chartered by the host state where the representative office is located, except to the extent such activities are expressly prohibited by the laws of this state or by any regulation or order of the commissioner applicable to the Georgia chartered bank and except where the activity is one that requires approval from the department, in which case such approval must be secured; provided, however, that the commissioner may waive any prohibition or requirement for approval if he or she determines, by order or regulation, that the involvement of out-of-state representative offices of the Georgia chartered bank in particular activities would not threaten the safety or soundness of such bank. (Code 1981, § 7-1-591 , enacted by Ga. L. 1995, p. 673, § 23; Ga. L. 1999, p. 674, § 16; Ga. L. 2016, p. 390, § 2-8/HB 811; Ga. L. 2020, p. 320, § 5/HB 781.) The 2020 amendment, effective January 1, 2021, designated the existing provisions as subsection (a) and added subsection (b). Cross references. - Requirement of maintenance of registered office by financial institutions in state, § 7-1-132 .
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 7-1-591
What does Official Code of Georgia Annotated § 7-1-591 cover?
Section 7-1-591 ("Establishment of representative office by bank or bank holding company domiciled in state; out of state activities.") 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 § 7-1-591?
A common citation format is "Official Code of Georgia Annotated § 7-1-591" (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 § 7-1-591 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.