Ga. Code § 7-1-628.9

Current through 2023-2024 Legislative Session Chapter 709
Section 7-1-628.9 - Establishment of out-of-state bank branches through acquisition
(a) An out-of-state bank that does not have a branch in Georgia and whose deposits are federally insured may, upon obtaining the necessary approvals from its home state regulator, establish and maintain a branch in this state through the acquisition of a branch.
(b) A Georgia state bank may establish and maintain a branch in another state through the acquisition of a branch in compliance with the provisions of this article, including, but not limited to, obtaining approval from the department prior to acquiring the branch.

OCGA § 7-1-628.9

Amended by 2021 Ga. Laws 174,§ 26, eff. 7/1/2021.
Amended by 2016 Ga. Laws 450,§ 2-26, eff. 7/1/2016.