Official Code of Georgia Annotated

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

7-1-1121. Notice of uninsured deposits.

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 shall give clear and conspicuous notice that deposits and credit balances in the Georgia state branch or Georgia state agency are not insured by the Federal Deposit Insurance Corporation.

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, § 7-1-1121, enacted by Ga. L. 2023, p. 651, § 48/HB 55, effective July 1, 2023; Ga. L. 2025, p. 590, § 26/HB 15, effective July 1, 2025.

The 2025 amendment, effective July 1, 2025, deleted “consistent with 12 C.F.R. 347.207” following “conspicuous notice”.

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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, page 90; merge action: replaced; file SHA-256 be4c41aa6399.