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.