Official Code of Georgia Annotated

Title 7. BANKING AND FINANCE · Chapter 1. FINANCIAL INSTITUTIONS · Article 3. CREDIT UNIONS · Part 1. GENERAL PROVISIONS; ORGANIZATION

7-1-636. Effect on articles and duration of existing credit unions.

Active

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

(a)
Nothing in this chapter shall be construed to impair the validity of the articles of a credit union existing on April 1, 1975.#
(b)
Each credit union existing on April 1, 1975, shall have perpetual duration unless its articles are amended under this chapter to provide for a limited period of duration.#

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.

Code 1933, § 41A-3007, enacted by Ga. L. 1974, p. 705, § 1.

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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 357; merge action: carried; file SHA-256 5c69f28428d8.