7-1-1126. Revocation.

The department may revoke the license of a Georgia state branch or Georgia state agency if the department by examination or other credible evidence finds that the foreign bank:

Does not currently meet the criteria established by this article for the original issuance of a license;#

Has refused to permit the department to examine its books, papers, accounts, records, or affairs in accordance with Code Sections 7-1-1102 and 7-1-1103;#

Has failed to make a report required under this article or made a material false or misleading statement in such report;#

Has violated this article, another law or rule applicable to a foreign bank or a Georgia state branch or Georgia state agency, or a final and enforceable order of the department;#

Has misrepresented or concealed a material fact in the application for licensure;#

Has violated a condition of its license or an agreement between the foreign bank and the department or other functional regulatory agency;#

Has had its authorization to act dissolved, revoked, or otherwise terminated in its jurisdiction of incorporation or jurisdiction where it is operating a branch, agency, or representative office;#

One or more grounds for receivership, including insolvency, as specified in Code Section 7-1-1129, exists; or#

Conducts business in an unsafe and unsound manner.#