---
title: O.C.G.A. § 7-2-6.1. Powers and privileges of members.
collection: code
id: 7-2-6.1
cite_as: O.C.G.A. § 7-2-6.1 (2025)
canonical_url: https://georgiacommons.org/code/7-2-6.1
md_url: https://georgiacommons.org/code/7-2-6.1.md
text_url: https://georgiacommons.org/code/7-2-6.1/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=631
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 / CREDIT UNION DEPOSIT INSURANCE CORPORATION
---

# O.C.G.A. § 7-2-6.1. Powers and privileges of members.

Any financial institution insured by the corporation shall have the same powers and privileges as any other state-chartered financial institution of the same class even though such other financial institution is insured under some other state or federal program. Such equality of powers shall not relieve the financial institution, whether insured under this chapter or under an alternative state or federal program, from taking appropriate action to amend its articles of incorporation or bylaws or from obtaining appropriate regulatory approvals before exercising such powers and privileges.

## History

Ga. L. 1981, p. 1241, § 4.