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Official Code of Georgia Annotated

Title 7. BANKING AND FINANCE · Chapter 1. FINANCIAL INSTITUTIONS · Article 2. BANKS AND TRUST COMPANIES · Part 15. CONVERSIONS, MERGERS, AND CONSOLIDATIONS INVOLVING NATIONAL BANKS

7-1-551. Articles of conversion; fee.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (a)

    The party or parties desiring to consummate a conversion authorized by Code Section 7-1-550 shall, upon requisite approval of the plan by their directors and shareholders, file with the department articles of conversion together with the fee required by Code Section 7-1-862.#

  2. (b)

    The articles of conversion shall be signed by two duly authorized officers of the national bank under its seal and shall contain:#

    1. (1)

      Its name and the name of the resulting bank or trust company;#

    2. (2)

      The street address and county of its main office;#

    3. (3)

      The name and initial registered agent and the street address where the initial registered office will be located;#

    4. (4)

      The votes by which the plan of conversion was adopted and the time, place, and notice of each meeting in connection with such adoption;#

    5. (5)

      The name and county of residence of each director of the resulting bank or trust company;#

    6. (6)

      The provisions required in articles of a new bank or trust company by paragraphs (5), (6), (7), and (10) of subsection (a) of Code Section 7-1-392; and#

    7. (7)

      The plan of conversion.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1953, Jan.-Feb. Sess., p. 73, §§ 5, 6; Code 1933, § 41A-2502, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1989, p. 1257, § 16; Ga. L. 1999, p. 81, § 7; Ga. L. 1999, p. 674, § 14; Ga. L. 2015, p. 344, § 13/HB 184; Ga. L. 2021, p. 323, § 13/HB 111.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t7-t8-(v5)-2024-pdf.pdf, Volume V5, 2024 edition, page 295; merge action: carried; file SHA-256 5c69f28428d8.