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Section 7-1-620 - Purpose of this part — Georgia Law | CourtGPT
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  2. Laws/
  3. Georgia/
  4. Title 7 - Banking and Finance/
  5. Chapter 1 - Financial Institutions (§§ 7-1-1 — 7-1-1138)/
  6. Article 2 - Banks and Trust Companies/
  7. Part 19 - Interstate Acquisitions of Banks and Bank Holding Companies/
  8. Section 7-1-620 - Purpose of this part
Georgia Legal Code

Section 7-1-620 - Purpose of this part

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This part governs the acquisition of banks having banking offices in Georgia by bank holding companies controlling bank subsidiaries having banking offices outside this state. It further governs the acquisition of banks having banking offices outside this state by bank holding companies controlling bank subsidiaries having banking offices in Georgia. It sets forth application, notice, and other related requirements. Acquisitions of banks having banking offices only in Georgia by bank holding companies controlling only bank subsidiaries having banking offices solely in Georgia are governed by the provisions of Code Sections 7-1-605 through 7-1-608.Amended by 2016 Ga. Laws 450,§ 2-17, eff. 7/1/2016.Amended by 2004 Ga. Laws 564, § 7, eff. 5/13/2004.