---
title: O.C.G.A. § 7-1-1122. Operations.
collection: code
id: 7-1-1122
cite_as: O.C.G.A. § 7-1-1122 (2025)
canonical_url: https://georgiacommons.org/code/7-1-1122
md_url: https://georgiacommons.org/code/7-1-1122.md
text_url: https://georgiacommons.org/code/7-1-1122/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=611
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/7-1-1121.md
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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. § 7-1-1122. Operations.

A foreign bank with an out-of-state branch or agency may, with the approval of the department:

(1) Establish a Georgia state branch or Georgia state agency;

(2) Acquire or merge with another foreign bank maintaining a Georgia state branch or Georgia state agency and after the acquisition or merger continue the operations as its own; or

(3) Acquire or establish a Georgia state branch or Georgia state agency through another means not inconsistent with 12 U.S.C. Section 3102 of the International Banking Act.

## History

Code 1981, § 7-1-1122, enacted by Ga. L. 2023, p. 651, § 48/HB 55, effective July 1, 2023; Ga. L. 2024, p. 1052, § 1(a)(30)/SB 448, effective July 1, 2024.

## Amendments

The 2024 amendment, effective July 1, 2024, part of an Act to revise, modernize, and correct the Code, substituted “department:” for “department, establish:” in the introductory language and substituted “Establish a” for “A” at the beginning of paragraph (1).