Georgia CommonsTítulo 7. BANKING AND FINANCE · Capítulo 1. FINANCIAL INSTITUTIONS · Artículo 2. BANKS AND TRUST COMPANIES · Parte 19. INTERSTATE ACQUISITIONS OF BANKS AND BANK HOLDING COMPANIES
7-1-624. Prohibited acquisitions.
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.
- (a)
Except as expressly permitted under this part, Part 20 of this article, or by federal law, no bank holding company may acquire a bank or a bank holding company controlling a bank chartered by the department.#
- (b)
In the event any bank holding company makes an acquisition that is prohibited by this part, the commissioner shall require such bank holding company to divest itself immediately of its direct or indirect ownership or control of any Georgia banks or banking offices located in Georgia. The commissioner shall also have the power to enforce any other prohibitions in this part by requiring divestitures of nonconforming banks, bank holding companies, or assets. Alternatively, the commissioner shall have the power to impose fines and penalties or exercise such other remedies as are provided in this chapter, including, but not limited to, judicial actions.#
History
Code 1981, § 7-1-623, enacted by Ga. L. 1984, p. 1467, § 1; Ga. L. 1985, p. 149, § 7; Ga. L. 1994, p. 215, § 4; Code 1981, § 7-1-624, as redesignated by Ga. L. 1996, p. 279, § 1; Ga. L. 1997, p. 143, § 7; Ga. L. 2016, p. 390, § 2-20/HB 811.
Editor's notes
Ga. L. 1996, p. 279, § 1, effective April 1, 1996, redesignated former Code Section 7-1-624 as present Code Section 7-1-625.
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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, página 336; acción de fusión: carried; SHA-256 del archivo 5c69f28428d8.