---
title: O.C.G.A. § 7-1-516. Effect of certificate of amendment.
collection: code
id: 7-1-516
cite_as: O.C.G.A. § 7-1-516 (2025)
canonical_url: https://georgiacommons.org/code/7-1-516
md_url: https://georgiacommons.org/code/7-1-516.md
text_url: https://georgiacommons.org/code/7-1-516/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=282
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
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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 / BANKS AND TRUST COMPANIES / AMENDMENT OF ARTICLES
---

# O.C.G.A. § 7-1-516. Effect of certificate of amendment.

(a) As of the issuance of the certificate of amendment by the Secretary of State, each amendment shall become effective and the articles shall be deemed to be amended accordingly.

(b) The certificate of amendment shall be conclusive evidence of the performance of all conditions required by this chapter for amendment of articles, except as against the state.

(c) No amendment shall affect any existing cause of action in favor of or against the bank or trust company, any pending action in which the bank or trust company is a party, or existing rights of persons other than shareholders. If the amendment changes the name of the bank or trust company, no action by or against the institution shall be abated for that reason.

## History

Code 1933, § 41A-2307, enacted by Ga. L. 1974, p. 705, § 1.