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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

7-1-1118. Amending license; requirements.

Active

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

  1. (a)

    A foreign bank licensed to establish and maintain a Georgia state branch or Georgia state agency shall apply to the department for an amended license if it changes its corporate name, changes the duration of its corporate existence, or desires to pursue in this state other or additional purposes than those set forth in its prior application for the foreign bank’s license then in effect.#

  2. (b)

    The requirements with respect to the form and contents of an application or notice under subsection (a) of this Code section, the manner of its execution, the issuance of an amended license, and the effect of the amended license shall be in the form and manner as required by the department.#

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, § 7-1-1118, enacted by Ga. L. 2023, p. 651, § 48/HB 55, effective July 1, 2023; Ga. L. 2025, p. 590, § 24/HB 15, effective July 1, 2025.

Amendments

The 2025 amendment, effective July 1, 2025, inserted “or notice” following “application” and substituted “shall be in the form and manner as required by the department” for “shall be the same as in the case of an initial application for a license to establish and maintain a Georgia state branch or Georgia state agency” in subsection (b).

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)-pdf.pdf, Volume V5, 2024 edition, 2025 supplement, pages 89 to 90; merge action: replaced; file SHA-256 be4c41aa6399.