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Georgia Commons

Código Oficial de Georgia Anotado

Título 7. BANKING AND FINANCE · Capítulo 1. FINANCIAL INSTITUTIONS · Artículo 2. BANKS AND TRUST COMPANIES · Parte 11. DIVIDENDS, DISTRIBUTIONS, AND PREFERRED SHARE ACQUISITION

7-1-461. Distribution upon reduction of capital stock or paid-in capital.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    Upon the decrease of capital stock of a bank or trust company pursuant to amendment of its articles as provided in this chapter, the board of directors, subject to restrictions of the articles, may distribute to the shareholders of the bank or trust company an amount in cash equal to all or part of the amount of the decrease in capital stock, if immediately after such distribution the bank or trust company would have the capital stock required by this chapter.#

  2. (b)

    Any portion of the amount of a decrease in capital stock which is not distributed to shareholders in accordance with this Code section shall be transferred to paid-in capital.#

  3. (c)

    A bank or trust company, by resolution of its board of directors, may distribute to its shareholders amounts representing a reduction in its paid-in capital, provided that such distribution shall first be approved in writing by the department.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1933, § 41A-2102, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2019, p. 828, § 14/HB 185.

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t7-t8-(v5)-2024-pdf.pdf, Volumen V5, edición 2024, páginas 259 a 260; acción de fusión: carried; SHA-256 del archivo 5c69f28428d8.