---
title: O.C.G.A. § 7-1-1114. Certificate of authority; notification of revocation of certificate of authority; foreign corporation requirements.
collection: code
id: 7-1-1114
cite_as: O.C.G.A. § 7-1-1114 (2025)
canonical_url: https://georgiacommons.org/code/7-1-1114
md_url: https://georgiacommons.org/code/7-1-1114.md
text_url: https://georgiacommons.org/code/7-1-1114/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=606
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/7-1.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: BANKING AND FINANCE / FINANCIAL INSTITUTIONS / FOREIGN BANKING INSTITUTIONS / LICENSING
---

# O.C.G.A. § 7-1-1114. Certificate of authority; notification of revocation of certificate of authority; foreign corporation requirements.

(a) After the department has issued a license permitting a foreign bank to establish and maintain a Georgia state branch or Georgia state agency, the foreign bank shall obtain a certificate of authority from the Secretary of State pursuant to Code Section 14-2-1501. The foreign bank shall provide the certificate of authority to the department prior to commencing operations of a Georgia state branch or Georgia state agency.

(b) A foreign bank shall notify the department within three business days if its certificate of authority is revoked by the Secretary of State.

(c) Notwithstanding the definition of the term “foreign corporation” in paragraph (13) of Code Section 14-2-140, all of the provisions of Article 15 of Chapter 2 of Title 14, relating to foreign corporations, shall apply to all foreign banks establishing and maintaining a Georgia state branch or Georgia state agency in this state. Such foreign banks shall file an annual registration with the Secretary of State as set forth in Code Section 14-2-1622.

## History

Code 1981, § 7-1-1114, enacted by Ga. L. 2023, p. 651, § 48/HB 55, effective July 1, 2023; Ga. L. 2024, p. 354, § 1-36/HB 876, effective July 1, 2024.

## Amendments

The 2024 amendment, effective July 1, 2024, added the second sentence in subsection (c).