---
title: O.C.G.A. § 7-1-591. Bank or bank holding company domiciled in state; out-of-state activities.
collection: code
id: 7-1-591
cite_as: O.C.G.A. § 7-1-591 (2025)
canonical_url: https://georgiacommons.org/code/7-1-591
md_url: https://georgiacommons.org/code/7-1-591.md
text_url: https://georgiacommons.org/code/7-1-591/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=303
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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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 / REPRESENTATIVE OFFICES AND REGISTRATION
---

# O.C.G.A. § 7-1-591. Bank or bank holding company domiciled in state; out-of-state activities.

(a) A bank domiciled in this state and operating under the laws of this state or a subsidiary of such bank may establish a representative office anywhere in the state upon registering with the department. A bank holding company domiciled in this state and operating under the laws of this state or a nonbank subsidiary of such bank holding company may establish a representative office anywhere in this state upon registering with the department.

(b) Subject to any limitation or restrictions of the host state and upon registering the representative office with the department, a Georgia chartered bank may conduct any activities at any representative office outside Georgia that are authorized by Georgia law or that are permissible for a bank chartered by the host state where the representative office is located, except to the extent such activities are expressly prohibited by the laws of this state or by any regulation or order of the commissioner applicable to the Georgia chartered bank and except where the activity is one that requires approval from the department, in which case such approval must be secured; provided, however, that the commissioner may waive any prohibition or requirement for approval if he or she determines, by order or regulation, that the involvement of out-of-state representative offices of the Georgia chartered bank in particular activities would not threaten the safety or soundness of such bank.

## History

Code 1981, § 7-1-591, enacted by Ga. L. 1995, p. 673, § 23; Ga. L. 1999, p. 674, § 16; Ga. L. 2016, p. 390, § 2-8/HB 811; Ga. L. 2020, p. 320, § 5/HB 781; Ga. L. 2022, p. 220, § 12/HB 891.

## Cross References

Requirement of maintenance of registered office by financial institutions in state, § 7-1-132.

## Amendments

The 2022 amendment, effective July 1, 2022, deleted “or agent” following “subsidiary” twice in subsection (a).