reglab/housing_qa huggingface dataset:
GA Code § 7-1-354 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 6 - Deposits, Safe-Deposit Agreements, and Money Received for Transmission|§ 7-1-354. Money Received for Transmission

  A bank or trust company which receives money for transmission shall give the customer a receipt setting forth:   The date of receipt of the money;   The amount of the money in dollars and cents; and   If the money is to be transmitted to a foreign country in the currency of such country, the amount of the money in such currency.     In an action by a customer against a bank or trust company for recovery of money delivered for transmission, the burden of proof of delivery of the money in accordance with the instructions of the customer shall be on the bank or trust company; but an affidavit by an agent or correspondent of the bank or trust company that the money was delivered in accordance with the customer's instructions shall be prima-facie evidence of the delivery of the money in accordance with the customer's instructions.    (Code 1933, § 41A-1607, enacted by Ga. L. 1974, p. 705, § 1.)   Cross references.   - Persons, corporations, and others engaging in business of receiving cash from patrons as payment of obligations owed by such patrons to third parties, § 10-6-100 et seq.   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, §§ 782, 792.   C.J.S.   - 9 C.J.S., Banks and Banking, §§ 474 et seq., 515.   ALR.    - Liability of correspondent bank to depositor in forwarding bank for breach of duty as to collection of paper, 58 A.L.R. 764.    Trust or preference in respect of money used to purchase exchange or to be transmitted, 84 A.L.R. 1470; 93 A.L.R. 938; 101 A.L.R. 631.    Agreement by bank to transmit excess of deposit over specified amount as giving rise to a trust or preference in event of insolvency of bank, 89 A.L.R. 1287.    Bank depositor's act in seeking restitution from third person to whom, or for benefit of whom, the bank has paid out the deposit, as election of remedy precluding action against bank, 144 A.L.R. 1440.
GA Code § 7-1-355 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 6 - Deposits, Safe-Deposit Agreements, and Money Received for Transmission|§ 7-1-355. Agreements Concerning Safe Deposits

 A bank, trust company, or savings and loan association may receive property for safe deposit and rent out receptacles and safe-deposit boxes on the terms and conditions prescribed by it; but such terms and conditions shall not bind any customer to whom the bank, trust company, or savings and loan association does not give notice thereof either by delivery of a copy or by posting in its offices where such receptacles or safe-deposit boxes are located, or who does not otherwise agree to such terms and conditions.   (Code 1933, § 41A-1608, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1978, p. 1717, § 4; Ga. L. 2016, p. 390, § 7-4/HB 811; Ga. L. 2017, p. 774, § 7/HB 323.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 11 Am. Jur. 2d, Banks and Financial Institutions, §§ 1002, 1007, 1008.   C.J.S.   - 93 C.J.S. (Rev), Warehousemen and Safe Depositaries, §§ 138, 139.   ALR.    - Insurance of bank or trust company against loss by burglary or robbery as covering contents of safety deposit boxes rented to customers, 30 A.L.R. 623.    Liability for loss of contents of safe-deposit box, 42 A.L.R. 1304; 133 A.L.R. 279.    Presumption as to ownership of property in safe deposit box, 101 A.L.R. 832.
GA Code § 7-1-357 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 6 - Deposits, Safe-Deposit Agreements, and Money Received for Transmission|§ 7-1-357. Payment of Deposit of Deceased Depositor; Deposit by Nursing Home of Moneys Left in Its Possession Upon Death of Resident

 Reserved. Repealed by Ga. L. 1983, p. 661, § 2, effective July 1, 1983.   Editor's notes.   - The former Code section was based on Ga. L. 1919, p. 135, art. 19, § 48; Ga. L. 1927, p. 195, § 11; Code 1933, § 13-2048; Ga. L. 1943, p. 253, § 1; Ga. L. 1952, p. 189, § 1; Ga. L. 1955, p. 202, § 1; Code 1933, § 41A-1610, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1975, p. 445, § 21; Ga. L. 1976, p. 1388, § 3; Ga. L. 1981, p. 848, § 1.   Code Section 7-1-357 was repealed by Ga. L. 1983, p. 661, § 2, effective July 1, 1983. For present provisions as to payment of large deposits of deceased intestate depositors, see Code Section 7-1-239.
GA Code § 7-1-358 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 6 - Deposits, Safe-Deposit Agreements, and Money Received for Transmission|§ 7-1-358. Dormant Accounts

 In accordance with and subject to the limitation of such regulations as the department may prescribe, a bank may, from time to time, charge a dormant account a reasonable service charge.   (Code 1933, § 13-2067, enacted by Ga. L. 1966, p. 590, § 10; Code 1933, § 41A-1611, enacted by Ga. L. 1974, p. 705, § 1.)   OPINIONS OF THE ATTORNEY GENERAL   Repeals contrary provision in Disposition of Unclaimed Property Act.    - Ga. L. 1974, p. 705, § 1 (see now O.C.G.A. § 7-1-358) repealed by implication the prohibition against the imposition of a service charge on dormant bank accounts contained in the Disposition of Unclaimed Property Act (see now O.C.G.A. § 44-12-190 et seq.). 1975 Op. Att'y Gen. No. 75-128.
GA Code § 7-1-359 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 6 - Deposits, Safe-Deposit Agreements, and Money Received for Transmission|§ 7-1-359. Fee Prohibited for Conducting Search of Dormant, Abandoned, or Unclaimed Deposit Accounts; Commission or Finder's Fee Allowed

 No person shall charge a fee or solicit any other form of compensation for the purpose of conducting a search for dormant, abandoned, or unclaimed deposit accounts or other abandoned properties whether held by a financial institution or escheated to any governmental agency. Notwithstanding the foregoing, a commission or finder's fee not to exceed 10 percent of actual sums recovered by the owner of such accounts may be agreed to by the parties. All moneys and properties located by a person to be compensated by the payment of such a commission or finder's fee shall be paid directly to the owner and may not be paid over to the person to receive the commission or finder's fee whether pursuant to a duly executed power of attorney or otherwise.    (Code 1981, §7-1-359, enacted by Ga. L. 1989, p. 1211, § 6.)
GA Code § 7-1-370 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 7 - Banking Depositories, Reserves, and Remissions|§ 7-1-370. Deposits by Financial Institutions

  Subject to the restrictions of subsection (b) of this Code section and of Code Section 7-1-371 in regard to reserve funds, a financial institution may deposit its funds in any depository which is:   Selected by, or in any manner authorized by, its directors;   Authorized by law to receive deposits; and   In the case of a depository located in the United States, one which has deposit insurance issued by a federal public body to depositories of the type involved.     If a director of the financial institution has a relationship to a depository as either:   An officer or director; or   An owner of 5 percent or more of the shares of the depository,  the depository shall be approved by a majority of the directors other than the director who has such relationship.       (Code 1933, § 41A-1701, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1981, p. 1366, § 10; Ga. L. 1997, p. 485, § 14; Ga. L. 2016, p. 390, § 2-4/HB 811.)   OPINIONS OF THE ATTORNEY GENERAL   This section is broad enough to cover a savings and loan account as a deposit.    - Former Code 1933, § 41A-1309 (see now O.C.G.A. § 7-1-288) was directed at a bank's long-term investment in capital stocks and securities in the bank's own name, while former Code 1933, § 41A-1701 (see now O.C.G.A. § 7-1-370) was directed at a bank's short-term deposits in other financial institutions. The language of former Code 1933, § 41A-1701 was broad enough to cover a savings and loan account as a deposit, therefore, former Code 1933, § 41A-1309 was inapplicable to deposits in mutual savings and loan associations and former Code 1933, § 41A-1701 permitted banks to deposit the bank's funds in these associations. Since the Georgia Supreme Court has not ruled on the question of whether such a deposit was equivalent to the purchase of shares in a corporation, federal law will not permit a state bank member of the federal reserve to make deposits in a Georgia building and loan association; however, there was no reason why a state bank which is not a member of the federal reserve cannot deposit the bank's funds in a state association. 1978 Op. Att'y Gen. No. 78-66.   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, §§ 45, 53, 54.   11 Am. Jur. 2d, Banks and Financial Institutions, §§ 1086, 1087.
GA Code § 7-1-390 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 8 - Incorporation of Banks and Trust Companies|§ 7-1-390. Incorporators

 One or more natural persons 18 years of age or over may act as incorporators of a bank or trust company.   (Ga. L. 1898, p. 78, § 1; Civil Code 1910, § 2815; Ga. L. 1919, p. 135, art. 8, § 1; Ga. L. 1920, p. 102, § 1; Ga. L. 1927, p. 195, § 7; Ga. L. 1931, p. 156, § 1; Code 1933, §§ 13-901, 109-101; Ga. L. 1935, p. 101, § 1; Ga. L. 1941, p. 312, § 1; Ga. L. 1943, p. 249, § 1; Ga. L. 1965, p. 501, § 1; Ga. L. 1966, p. 463, § 1; Ga. L. 1966, p. 692, § 7; Ga. L. 1972, p. 384, § 1; Ga. L. 1972, p. 727, § 1; Code 1933, § 41A-1801, enacted by Ga. L. 1974, p. 705, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 18A Am. Jur. 2d, Corporations, §§ 183, 184.   C.J.S.   - 9 C.J.S., Banks and Banking, §§ 19, 735.
GA Code § 7-1-390.1 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 8 - Incorporation of Banks and Trust Companies|§ 7-1-390.1. Organization of Bank or Trust Company as Limited Liability Company; Promulgation of Rules and Regulations Governing

  Subject to the requirements and restrictions of this chapter including, but not limited to, deposit insurance requirements where applicable, a bank or trust company may organize as a limited liability company pursuant to Chapter 11 of Title 14.   The department shall have the authority to promulgate rules and regulations in accordance with Code Section 7-1-3 specifying the conditions under which a bank or trust company may organize as a limited liability company.   To the extent the provisions of Chapter 11 of Title 14 are consistent with and not in conflict with the provisions of this chapter and the rules and regulations of the department, such provisions shall apply to a bank or trust company that has organized as a limited liability company.     (Code 1981, §7-1-390.1, enacted by Ga. L. 2003, p. 843, § 4.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, § 109 et seq.
GA Code § 7-1-391 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 8 - Incorporation of Banks and Trust Companies|§ 7-1-391. Prohibition of Promoters' Fees

  A bank or trust company shall not pay any fee, compensation, or commission for promotion in connection with its organization or apply any money received on account of shares or subscriptions, selling shares, or other services in connection with its organization, except legal fees, commissions or fees to disinterested third parties for sale of bank stock to others, and other usual and ordinary expenses necessary for its organization.   A majority of incorporators shall file with the department at the time of filing of the articles an affidavit:   Setting forth all expenses incurred or to be incurred in connection with the organization of the bank or trust company, subscription for its shares, and sale of its shares; and   Stating that no fee, compensation, or commission prohibited by subsection (a) of this Code section has been paid or incurred.     In the event of a violation of this Code section the department may disapprove the articles on account of such violation.    (Code 1933, § 41A-1802, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1999, p. 674, § 7.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 18 Am. Jur. 2d, Corporations, §§ 98, 99.   C.J.S.   - 18 C.J.S., Corporations, § 148.
GA Code § 7-1-393 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 8 - Incorporation of Banks and Trust Companies|§ 7-1-393. Additional Filings With Department; Fees

 The incorporators shall also file with the department:    Information desired by the department in order to evaluate the proposed institution which shall be made available in the form specified by the department;   The affidavit required by Code Section 7-1-391;   A certificate of the Secretary of State showing that the proposed name of the bank or trust company has been reserved pursuant to Code Section 7-1-131; and   Applicable fees established by regulation of the department to defray the expense of the investigation required by Code Section 7-1-394.    (Ga. L. 1919, p. 135, art. 8, § 4; Code 1933, § 13-904; Ga. L. 1955, p. 201, § 1; Ga. L. 1964, p. 689, § 1; Ga. L. 1966, p. 692, § 10; Ga. L. 1972, p. 727, § 2; Code 1933, § 41A-1804, enacted by Ga. L. 1974, p. 705, § 1.)
GA Code § 7-1-395 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 8 - Incorporation of Banks and Trust Companies|§ 7-1-395. Issuance of Certificate of Incorporation

 If the Secretary of State shall receive, with respect to the proposed bank or trust company:    The written approval of the department with a copy of the articles of incorporation attached;   An affidavit executed by the duly authorized agent or publisher of the newspaper in which publication of the articles or a summary statement relating thereto is required by Code Sections 7-1-7 and 7-1-392 stating that the articles or the summary statement have been published as required by those Code sections;   All fees and charges required by law and if, in addition, the name of the proposed bank or trust company continues to be reserved or is available,  the Secretary of State shall immediately issue to the incorporators a certificate of incorporation. The Secretary of State shall retain on file in his office a copy of the certificate, the articles, the department's approval, and the publisher's certificate.     (Ga. L. 1898, p. 78, § 2; Civil Code 1910, § 2816; Ga. L. 1919, p. 135, art. 8, §§ 6, 7; Code 1933, §§ 13-906, 13-907, 109-102; Ga. L. 1952, p. 193, § 1; Ga. L. 1966, p. 692, §§ 12, 13; Code 1933, § 41A-1806, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1989, p. 1257, § 7.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, § 179.
GA Code § 7-1-397 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 8 - Incorporation of Banks and Trust Companies|§ 7-1-397. Organizational Meetings

  After the issuance of the certificate of incorporation by the Secretary of State, a first meeting of the shareholders may be held within this state at the call of the shareholders who were the incorporators, or a majority of them, for the purpose of adopting bylaws or for such other purposes as shall be stated in the notice of the meeting.   After the issuance of the certificate of incorporation by the Secretary of State, an organizational meeting of the board of directors named in the articles shall be held within this state at the call of a majority of the directors for the purpose of adopting bylaws and of electing officers and for transaction of such other business as may come before the meeting. The directors who call the meeting shall give to each director named in the articles at least three days' written notice of the meeting.    (Code 1933, § 41A-1808, enacted by Ga. L. 1974, p. 705, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 18A Am. Jur. 2d, Corporations, § 213 et seq.
GA Code § 7-1-398 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 8 - Incorporation of Banks and Trust Companies|§ 7-1-398. Liability for Premature Business

 Incorporators and other persons who organize a bank or trust company which transacts business before its capital stock and paid-in capital have been paid in shall be jointly and severally liable to depositors and other creditors to make good the amounts not paid in by subscribers or otherwise deficient. Such liability shall be deemed as an asset of the bank or trust company and may be enforced by it, its successors or assignees, or by a shareholder suing derivatively, or by a receiver appointed under this chapter.   (Ga. L. 1919, p. 135, art. 18, § 6; Code 1933, § 13-1906; Code 1933, § 41A-1809, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2019, p. 828, § 8/HB 185.)    The 2019 amendment,  effective July 1, 2019, substituted "capital stock and paid-in capital" for "capital stock, paid-in capital, and expense fund as required by Code Section 7-1-396" in the first sentence of this Code section.   RESEARCH REFERENCES   Am. Jur. 2d.   - 18 Am. Jur. 2d, Corporations, §§ 126, 127.   C.J.S.   - 18 C.J.S., Corporations, § 89 et seq.   19 C.J.S., Corporations, §§ 640 et seq., 707.   ALR.    - False representation by officers or directors of bank or building and loan association that impairment of capital has been made good, as basis of action against them, 144 A.L.R. 1498.   Validity, construction, and effect of statutory provisions concerning capital requisites of state incorporation of bank, 79 A.L.R.3d 1190.
GA Code § 7-1-410 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 9 - Financial Structure|§ 7-1-410. Minimum Capital Stock

  Except as provided in subsections (b) and (c) of this Code section, the minimum capital stock of a de novo bank or trust company shall be $3 million. An established bank or trust company no longer in de novo status shall maintain a minimum capital stock of $3 million or such greater amount as the department may require based on a proportion of capital to total assets.   A de novo bank or trust company whose main office is located in a county with a population of less than 200,000, according to the last official United States census, shall have a minimum capital stock of $2 million. An established bank or trust company located in such county shall maintain a minimum capital stock of $2 million or such greater amount as the department may require based on a proportion of capital to total assets.   A bank or trust company existing on July 1, 1989, with a capital stock of less than that required by subsections (a) and (b) of this Code section shall not be required to increase its capital stock above the amount outstanding on July 1, 1989, except as otherwise provided by law.    (Ga. L. 1898, p. 78, § 1; Civil Code 1910, § 2815; Ga. L. 1919, p. 135, art. 8, § 1; Ga. L. 1920, p. 102, § 1; Ga. L. 1927, p. 195, § 7; Ga. L. 1931, p. 156, § 1; Code 1933, §§ 13-901, 109-101; Ga. L. 1935, p. 101, § 1; Ga. L. 1941, p. 312, § 1; Ga. L. 1943, p. 249, § 1; Ga. L. 1965, p. 501, § 1; Ga. L. 1966, p. 463, § 1; Ga. L. 1966, p. 692, § 7; Ga. L. 1972, p. 384, § 1; Ga. L. 1972, p. 727, § 1; Code 1933, § 41A-1901, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1989, p. 1211, § 8; Ga. L. 1998, p. 795, § 18; Ga. L. 2003, p. 843, § 5.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, §§ 285, 287.   C.J.S.   - 9 C.J.S., Banks and Banking, § 49.   ALR.   - Validity, construction, and effect of statutory provisions concerning capital requisites of state incorporation of bank, 79 A.L.R.3d 1190.
GA Code § 7-1-411 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 9 - Financial Structure|§ 7-1-411. Paid-in Capital and Appropriated Retained Earnings

 Reserved. Repealed by Ga. L. 2019, p. 828, § 9/HB 185, effective July 1, 2019.   Editor's notes.   - This Code section was based on Code 1933, § 41A-1902, enacted by Ga. L. 1974, p. 705, § 1.
GA Code § 7-1-412 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 9 - Financial Structure|§ 7-1-412. Beginning Business Expense Fund

 Reserved. Repealed by Ga. L. 2019, p. 828, § 10/HB 185, effective July 1, 2019.   Editor's notes.   - This Code section was based on Code 1933, § 41A-1903, enacted by Ga. L. 1974, p. 705, § 1.
GA Code § 7-1-413 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 9 - Financial Structure|§ 7-1-413. Classes of Shares

 A bank or trust company may have one or more classes of common or preferred shares, all of which shall be shares with par value of not less than $1.00 and any or all of which may, subject to the restrictions of this chapter, consist of shares with full, limited, multiple, fractional, or no voting rights and such designations, preferences, qualifications, privileges, limitations, redemption provisions (in the case of preferred shares), options, conversion rights, and other special rights as shall be stated in the articles. Except as otherwise stated in the articles, this chapter, or other applicable laws, each share shall be equal in all respects to every other share.   (Ga. L. 1919, p. 135, art. 8, § 1; Ga. L. 1920, p. 102, § 1; Ga. L. 1927, p. 195, § 7; Ga. L. 1931, p. 156, § 1; Code 1933, § 13-901; Ga. L. 1935, p. 101, § 1; Ga. L. 1941, p. 312, § 1; Ga. L. 1943, p. 249, § 1; Ga. L. 1965, p. 501, § 1; Code 1933, § 13-912, enacted by Ga. L. 1966, p. 590, § 3; Ga. L. 1966, p. 692, § 7; Ga. L. 1968, p. 1045, § 1; Ga. L. 1969, p. 958, § 1; Ga. L. 1972, p. 727, § 1; Code 1933, § 41A-1904, enacted by Ga. L. 1974, p. 705, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, §§ 285, 287.   C.J.S.   - 18A C.J.S., Corporations, § 214 et seq.