---
title: O.C.G.A. § 7-1-535. Federal approval or disapproval; issuance of certificate of merger, share exchange, or consolidation.
collection: code
id: 7-1-535
cite_as: O.C.G.A. § 7-1-535 (2025)
canonical_url: https://georgiacommons.org/code/7-1-535
md_url: https://georgiacommons.org/code/7-1-535.md
text_url: https://georgiacommons.org/code/7-1-535/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=290
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 / MERGER AND CONSOLIDATION OF STATE BANKS AND TRUST COMPANIES
---

# O.C.G.A. § 7-1-535. Federal approval or disapproval; issuance of certificate of merger, share exchange, or consolidation.

(a) If the laws of the United States require the approval of the merger, share exchange, or consolidation by any federal agency, the department may elect to not act on the application until it receives notice of the decision of such agency.

(b) If all the taxes, fees, and charges required by law shall have been paid and if the name of the resulting bank or trust company in a merger or consolidation continues to be reserved or is available on the records of the Secretary of State, upon receipt of the written approval of the department, the Secretary of State shall issue to the resulting bank or trust company or the acquiring corporation or limited liability company in a share exchange a certificate of merger, share exchange, or consolidation with the approved articles of merger or consolidation attached thereto and shall retain a copy of such certificate, articles, and approval by the department.

## History

Ga. L. 1922, p. 63, § 1; Code 1933, § 13-1403; Ga. L. 1972, p. 727, § 7; Code 1933, § 41A-2406, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1978, p. 1717, § 7; Ga. L. 2007, p. 502, § 9/SB 70; Ga. L. 2021, p. 323, § 11/HB 111; Ga. L. 2022, p. 220, § 10/HB 891.

## Amendments

The 2022 amendment, effective July 1, 2022, inserted “or limited liability company” near the middle of subsection (b).