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Official Code of Georgia Annotated

Title 7. BANKING AND FINANCE · Chapter 1. FINANCIAL INSTITUTIONS · Article 14. FOREIGN BANKING INSTITUTIONS · Part 2. LICENSING

7-1-1115. Maintenance of federal branch or agency.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (a)

    A foreign bank licensed under this article to establish and maintain a Georgia state branch or Georgia state agency shall not concurrently maintain a federal branch or federal agency in this state.#

  2. (b)

    A foreign bank which maintains a federal branch or federal agency in this state shall not concurrently be licensed under this article to maintain a Georgia state branch or Georgia state agency.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 7-1-1115, enacted by Ga. L. 2023, p. 651, § 48/HB 55, effective July 1, 2023.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t7-t8-(v5)-2024-pdf.pdf, Volume V5, 2024 edition, page 606; merge action: carried; file SHA-256 5c69f28428d8.