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Section 7-1-1118 - Amending license; requirements — Georgia Law | CourtGPT
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  4. Title 7 - Banking and Finance/
  5. Chapter 1 - Financial Institutions (§§ 7-1-1 — 7-1-1138)/
  6. Article 14 - Foreign Banking Institutions/
  7. Part 2 - Licensing/
  8. Section 7-1-1118 - Amending license; requirements
Georgia Legal Code

Section 7-1-1118 - Amending license; requirements

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(a) A foreign bank licensed to establish and maintain a Georgia state branch or Georgia state agency shall apply to the department for an amended license if it changes its corporate name, changes the duration of its corporate existence, or desires to pursue in this state other or additional purposes than those set forth in its prior application for the foreign bank's license then in effect.(b) The requirements with respect to the form and contents of an application under subsection (a) of this Code section, the manner of its execution, the issuance of an amended license, and the effect of the amended license shall be the same as in the case of an initial application for a license to establish and maintain a Georgia state branch or Georgia state agency.Added by 2023 Ga. Laws 348,§ 48, eff. 7/1/2023.