Statutes, codes, and regulations
CODE OF GEORGIA
Title 7 - BANKING AND FINANCEChapter 1 - FINANCIAL INSTITUTIONSArticle 2 - BANKS AND TRUST COMPANIES
Part 11 - DIVIDENDS, DISTRIBUTIONS, AND PREFERRED SHARE ACQUISITION
Section 7-1-462 - Dividends and distributions must be authorized by chapter

Ga. Code § 7-1-462

Download
PDF
Current through 2023-2024 Legislative Session Chapter 709
Section 7-1-462 - Dividends and distributions must be authorized by chapter

The directors of a bank or trust company shall not declare dividends or authorize or ratify the distribution of any part of its assets to shareholders by purchase of its shares or otherwise, except as authorized by this chapter.

OCGA § 7-1-462