---
title: O.C.G.A. § 7-1-787. Exemption from securities regulations.
collection: code
id: 7-1-787
cite_as: O.C.G.A. § 7-1-787 (2025)
canonical_url: https://georgiacommons.org/code/7-1-787
md_url: https://georgiacommons.org/code/7-1-787.md
text_url: https://georgiacommons.org/code/7-1-787/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=486
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
previous: https://georgiacommons.org/code/7-1-786.md
next: https://georgiacommons.org/code/7-1-788.md
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 / BUILDING AND LOAN ASSOCIATIONS AND SAVINGS AND LOAN ASSOCIATIONS
---

# O.C.G.A. § 7-1-787. Exemption from securities regulations.

The opening and transfer of deposits in a savings and loan association are exempted from all provisions of law of this state which provide for the supervision and the regulation of the sale of securities, even if the word “shares” or similar terminology is used in connection therewith; and the sale of any such deposits shall be legal without any action or approval whatsoever on the part of any official authorized to license, regulate, and supervise the sale of securities.

## History

Ga. L. 1937-38, Ex. Sess., p. 307, § 14; Code 1933, § 41A-3518, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2016, p. 390, § 7-4/HB 811.

## Cross References

Exemption from securities-registration requirements of securities issued by federal savings and loan associations, or building and loan associations, § 10-5-10.