---
title: O.C.G.A. § 7-1-1134. Denial or revocation of licensure.
collection: code
id: 7-1-1134
cite_as: O.C.G.A. § 7-1-1134 (2025)
canonical_url: https://georgiacommons.org/code/7-1-1134
md_url: https://georgiacommons.org/code/7-1-1134.md
text_url: https://georgiacommons.org/code/7-1-1134/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=623
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/7-1-1133.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 / STATE REPRESENTATIVE OFFICES
---

# O.C.G.A. § 7-1-1134. Denial or revocation of licensure.

The department may deny an application for registration or revoke the registration of a representative office if the department by examination or other credible evidence finds that the foreign bank:

(1) Has refused to permit the department to examine the books, papers, accounts, records, or affairs of a Georgia state representative office in accordance with Code Sections 7-1-1102 and 7-1-1103;

(2) Has violated this article, another law or rule applicable to the foreign bank or a Georgia state representative office, or a final and enforceable order of the department;

(3) Has misrepresented or concealed a material fact in the original or subsequent registration applications;

(4) Has violated a condition of an agreement between the foreign bank and the department or other functional regulatory agency;

(5) Has had its authority or existence terminated or canceled in its jurisdiction of incorporation; or

(6) Conducts business in an unsafe and unsound manner.

## History

Code 1981, § 7-1-1134, enacted by Ga. L. 2023, p. 651, § 48/HB 55, effective July 1, 2023.