---
title: O.C.G.A. § 7-1-390.1. Organization as limited liability company; rules and regulations; applicable law.
collection: code
id: 7-1-390.1
cite_as: O.C.G.A. § 7-1-390.1 (2025)
canonical_url: https://georgiacommons.org/code/7-1-390.1
md_url: https://georgiacommons.org/code/7-1-390.1.md
text_url: https://georgiacommons.org/code/7-1-390.1/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=223
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.
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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 / BANKS AND TRUST COMPANIES / INCORPORATION OF BANKS AND TRUST COMPANIES
---

# O.C.G.A. § 7-1-390.1. Organization as limited liability company; rules and regulations; applicable law.

(a) Subject to the requirements and restrictions of this chapter including, but not limited to, deposit insurance requirements where applicable, a bank or trust company may organize as a limited liability company pursuant to Chapter 11 of Title 14.

(b) The department shall have the authority to promulgate rules and regulations in accordance with Code Section 7-1-3 specifying the conditions under which a bank or trust company may organize as a limited liability company.

(c) To the extent the provisions of Chapter 11 of Title 14 are consistent with and not in conflict with the provisions of this chapter and the rules and regulations of the department, such provisions shall apply to a bank or trust company that has organized as a limited liability company.

## History

Code 1981, § 7-1-390.1, enacted by Ga. L. 2003, p. 843, § 4.