---
title: O.C.G.A. § 7-1-1120. Treatment of assets.
collection: code
id: 7-1-1120
cite_as: O.C.G.A. § 7-1-1120 (2025)
canonical_url: https://georgiacommons.org/code/7-1-1120
md_url: https://georgiacommons.org/code/7-1-1120.md
text_url: https://georgiacommons.org/code/7-1-1120/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=610
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
previous: https://georgiacommons.org/code/7-1-1119.md
next: https://georgiacommons.org/code/7-1-1121.md
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. § 7-1-1120. Treatment of assets.

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.

## History

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