Official Code of Georgia Annotated

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

7-1-1120. Treatment of assets.

Active

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

Each foreign bank licensed to establish and maintain a Georgia state branch or Georgia state agency in this state shall keep the assets of its business in this state separate and apart from the assets of its business outside this state.

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.

Code 1981, § 7-1-1120, enacted by Ga. L. 2023, p. 651, § 48/HB 55, effective July 1, 2023.

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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, pages 610 to 611; merge action: carried; file SHA-256 5c69f28428d8.