Section 7-1-593 - Notice of representative office closure; review of operations

(a) Prior to closing a representative office, a bank, bank holding company, or a subsidiary of a bank or bank holding company shall post notice of the closing as required by Code Section 7-1-110.1.(b) The department may review the operations of any representative office annually or at such greater frequency as it deems necessary to assure that the office does not transact a banking business.Amended by 2022 Ga. Laws 748,§ 14, eff. 7/1/2022.Amended by 2020 Ga. Laws 492,§ 6, eff. 1/1/2021.Amended by 2016 Ga. Laws 450,§ 2-10, eff. 7/1/2016.