reglab/housing_qa huggingface dataset:
GA Code § 7-1-628.4 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 20 - Interstate Banking and Branching by Merger|§ 7-1-628.4. Permissible Interstate Merger Transactions

  A Georgia state bank may enter into an interstate merger transaction where the Georgia state bank is the resulting bank, and as a result the Georgia state bank may establish, maintain, and operate one or more branches in another state. The Georgia state bank must seek approval for the merger pursuant to the provisions in Part 14 of this article and must comply with federal law.   An out-of-state bank may enter into an interstate merger transaction with a Georgia bank, and an out-of-state bank resulting from such transaction may maintain and operate branches in Georgia. The requirements of Code Section 7-1-628.5 shall be met by the resulting bank. In order to consummate such a merger with a resulting out-of-state state bank, a Georgia state bank shall comply with Code Sections 7-1-531 through 7-1-533 and 7-1-537, except that the format of the articles of merger submitted in accordance with Code Section 7-1-532 may be in conformity with the resulting bank's home state law if such law requires a format different from that specified by Code Section 7-1-532. A Georgia state bank shall comply with Code Section 7-1-556 if a national bank or a federal savings bank is to be the resulting bank.   Any out-of-state bank which lawfully establishes a branch in this state or which subsequently becomes the owner of or controls interstate branches in Georgia, if such transaction is not covered by subsection (a) or (b) of this Code section, shall comply with the requirements in Code Section 7-1-628.5.     (Code 1981, §7-1-628.4, enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 1999, p. 674, § 23.)   Code Commission notes.   - Pursuant to Code Section 28-9-5, in 1996, "article" was substituted for "chapter" in the second sentence of subsection (a).
GA Code § 7-1-628.5 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 20 - Interstate Banking and Branching by Merger|§ 7-1-628.5. Requirement for Out-of-State Bank That Is Resulting Bank of Interstate Merger Transaction

  An out-of-state bank that will be the resulting bank pursuant to an interstate merger transaction involving a Georgia state bank shall notify the commissioner of the proposed merger not later than the date on which it files an application for an interstate merger transaction with the responsible federal bank supervisory agency, provide such information as required by rule or regulation or as the commissioner may otherwise specify, and pay any filing fee required by regulation.   Prior to consummation of an interstate merger between an out-of-state bank and a Georgia state bank, the resulting bank shall provide the commissioner with satisfactory evidence of all required approvals from all relevant bank supervisory agencies.   Prior to consummation of an interstate merger between an out-of-state bank and a Georgia state bank, and continuously thereafter, the out-of-state bank shall maintain deposit insurance issued by a federal public body while it has a branch or any other location in this state.   Any holding company of the resulting bank from an interstate merger transaction between an out-of-state bank and a Georgia state bank shall comply with Part 19 of this article and Code Sections 7-1-605 through 7-1-612.     (Code 1981, §7-1-628.5, enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 1998, p. 128, § 7; Ga. L. 1999, p. 674, § 24; Ga. L. 2016, p. 390, § 2-23/HB 811; Ga. L. 2017, p. 193, § 15/HB 143.)
GA Code § 7-1-628.6 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 20 - Interstate Banking and Branching by Merger|§ 7-1-628.6. Powers of Out-of-State Banks Branching Into Georgia

  An out-of-state state bank which establishes and maintains one or more branches in Georgia under this part may conduct any activities at such branch or branches that are authorized under the law of this state for Georgia state banks.   A Georgia state bank may conduct any activities at any branch outside Georgia that are authorized by Georgia law or that are permissible for a bank chartered by the host state where the branch is located, except to the extent such activities are expressly prohibited by the laws of this state or by any regulation or order of the commissioner applicable to the Georgia state bank and except where the activity is one that requires approval from the department, in which case such approval must be secured; provided, however, that the commissioner may waive any prohibition or requirement for approval if he or she determines, by order or regulation, that the involvement of out-of-state branches of the Georgia state bank in particular activities would not threaten the safety or soundness of such bank.   An out-of-state bank that has established or acquired a branch in Georgia under this part may establish or acquire additional branches in Georgia to the same extent, but to no greater extent, that any Georgia bank may establish or acquire a branch in Georgia under applicable federal and state law.     (Code 1981, §7-1-628.6, enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 1999, p. 674, § 25; Ga. L. 2001, p. 970, § 8; Ga. L. 2016, p. 390, § 2-24/HB 811; Ga. L. 2020, p. 320, § 9/HB 781.)    The 2020 amendment,  effective January 1, 2021, deleted the former last two sentences of subsection (c), which read: "Notification to the department from the bank is required at the same time as the application is made to the federal regulator. A letter describing the transaction shall constitute the required notification and may be written and sent by the bank or the home state regulator."   Law reviews.   - For article, "Business Associations," see 53 Mercer L. Rev. 109 (2001).
GA Code § 7-1-628.8 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 20 - Interstate Banking and Branching by Merger|§ 7-1-628.8. Restrictions on De Novo Branches

  A "de novo branch" means a branch of a bank which:   Is originally established by the bank as a branch; and   Does not become a branch of the bank as a result of the acquisition of another bank or of a branch of another bank or as the result of the merger, consolidation, or conversion of any such bank or branch.     An out-of-state bank that does not have a branch in Georgia and whose deposits are federally insured may, upon obtaining the necessary approvals from its home state regulator, establish and maintain a de novo branch in this state to the extent that any Georgia bank could establish such a de novo branch.   A Georgia state bank may establish and maintain a de novo branch in another state. Such Georgia state bank shall comply with the provisions of this article, including, but not limited to, obtaining approval from the department prior to establishing the branch.     (Code 1981, §7-1-628.8, enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 1997, p. 485, § 24; Ga. L. 2002, p. 670, § 4; Ga. L. 2016, p. 390, § 2-25/HB 811; Ga. L. 2021, p. 323, § 25/HB 111.)    The 2021 amendment,  effective July 1, 2021, rewrote subsection (b), which read: "An out-of-state bank that does not have a branch in Georgia and that meets the requirements of this article may establish and maintain a de novo branch in this state to the extent that any Georgia bank could establish such a de novo branch."
GA Code § 7-1-628.9 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 20 - Interstate Banking and Branching by Merger|§ 7-1-628.9. Conditions Under Which Out-of-State Bank Permitted to Establish and Maintain Branches Through In-State Acquisition; Conditions Under Which Georgia Banks Permitted to Establish and Maintain Branches in Another State Through Acquisition

  An out-of-state bank that does not have a branch in Georgia and whose deposits are federally insured may, upon obtaining the necessary approvals from its home state regulator, establish and maintain a branch in this state through the acquisition of a branch.   A Georgia state bank may establish and maintain a branch in another state through the acquisition of a branch in compliance with the provisions of this article, including, but not limited to, obtaining approval from the department prior to acquiring the branch.     (Code 1981, §7-1-628.9, enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 2016, p. 390, § 2-26/HB 811; Ga. L. 2021, p. 323, § 26/HB 111.)    The 2021 amendment,  effective July 1, 2021, rewrote subsection (a), which read: "An out-of-state bank that does not have a branch in Georgia and that meets the requirements of this article may establish and maintain a branch in this state through the acquisition of a branch."
GA Code § 7-1-628.10 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 20 - Interstate Banking and Branching by Merger|§ 7-1-628.10. Enforcement Actions by Commissioner

 If the commissioner determines that a branch maintained by an out-of-state state bank in this state is being operated in violation of any provision of the laws of this state, the commissioner shall have the authority to take all such enforcement actions as he or she would be empowered to take if the branch were a Georgia state bank, provided that the commissioner shall promptly give notice to the home state regulator of each enforcement action taken against an out-of-state state bank and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving said enforcement action.    (Code 1981, §7-1-628.10, enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 2021, p. 323, § 27/HB 111.)    The 2021 amendment,  effective July 1, 2021, deleted "or that such branch is being operated in an unsafe and unsound manner" following "provision of the laws of this state" near the middle of this Code section.
GA Code § 7-1-628.11 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 20 - Interstate Banking and Branching by Merger|§ 7-1-628.11. Regulations; Administrative Fees

 The commissioner may promulgate such regulations and may provide for the payment of such reasonable filing, application, assessment, and administrative fees as he or she determines to be necessary or appropriate in order to implement the provisions of this part.    (Code 1981, §7-1-628.11, enacted by Ga. L. 1996, p. 279, § 2.)
GA Code § 7-1-628.12 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 20 - Interstate Banking and Branching by Merger|§ 7-1-628.12. Reporting by of Out-of-State Banks

 In order to determine compliance with Georgia law on deposit concentration limits or other areas of state compliance, reporting by out-of-state banks may be required by the commissioner.    (Code 1981, §7-1-628.12, enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 2021, p. 323, § 28/HB 111.)    The 2021 amendment,  effective July 1, 2021, deleted the former first sentence, which read: "The commissioner may require an out-of-state state bank that maintains or seeks to establish a branch in this state to submit to the department its consolidated reports of condition and income in the form specified by the Federal Financial Institutions Examination Council.", and substituted "compliance, reporting by out-of-state banks" for "compliance, other reporting of banks" near the end.
GA Code § 7-1-628.13 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 20 - Interstate Banking and Branching by Merger|§ 7-1-628.13. Notice of Merger, Consolidation, or Other Transaction Involving Out-of-State Bank

 Reserved. Repealed by Ga. L. 2021, p. 323, § 29/HB 111, effective July 1, 2021.   Editor's notes.   - This Code section was based on Ga. L. 1996, p. 279, § 2; Ga. L. 2004, p. 631, § 7.
GA Code § 7-1-628.14 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 20 - Interstate Banking and Branching by Merger|§ 7-1-628.14. Severability; Construction With Other Laws

  If any provision of this part or the application of such provision is found by any court of competent jurisdiction in the United States to be invalid as it pertains to any bank, bank holding company, foreign bank, or other person or circumstances, or is found to be superseded explicitly by federal law, the remaining provisions of this part shall not be affected and shall continue to apply to any bank, bank holding company, foreign bank, or other person or circumstance.   Nothing contained in this part shall be construed to amend or modify the provisions of any other part of this chapter governing the supervision or regulation of banks and bank holding companies, as defined in this chapter, or with respect to the organization and powers of the department and the commissioner as provided in such other parts.     (Code 1981, §7-1-628.14, enacted by Ga. L. 1996, p. 279, § 2.)   Code Commission notes.   - Pursuant to Code Section 28-9-5, in 1996, "part" was substituted for "section" in subsection (a).
GA Code § 7-1-628.15 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 20 - Interstate Banking and Branching by Merger|§ 7-1-628.15. Tax Treatment

  All banks engaged in interstate banking and branching in this state shall be obliged to adhere to the tax laws and regulations of Title 48 which pertain to such activities.   The Department of Revenue shall address the tax treatment of financial organizations before June 1, 1997, in order to provide timely and appropriate taxation of banks which have adjusted their corporate structures according to this part and federal law.     (Code 1981, §7-1-628.15, enacted by Ga. L. 1996, p. 279, § 2.)
GA Code § 7-1-631 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 3 - Credit Unions|Part 1 - General Provisions; Organization|§ 7-1-631. Additional Filings With Department

 Reserved. Repealed by Ga. L. 2005, p. 826, § 12, effective May 5, 2005.   Editor's notes.   - This Code section was based on Ga. L. 1925, p. 165, § 2; Code 1933, § 41A-3002, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1981, p. 1244, § 2; Ga. L. 1989, p. 1211, § 11.
GA Code § 7-1-632 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 3 - Credit Unions|Part 1 - General Provisions; Organization|§ 7-1-632. Approval or Disapproval by Department; Certificate of Incorporation

  The department shall make an appropriate investigation of the articles and bylaws for the purpose of determining:   Whether the articles and bylaws conform to this article;   The general character and qualifications of the subscribers and the financial stability and future prospects of the sponsoring company, if any;   The economic advisability of establishing the proposed credit union and such other facts and circumstances bearing on the proposed credit union as in the opinion of the department may be relevant;   That a common bond exists in accordance with Code Section 7-1-630; and   That the subscribers and person or corporation sponsoring the credit union are in agreement as to the services, if any, that the sponsor will provide.     If the department determines to its satisfaction that the proposed credit union meets the criteria set forth above, it shall, within 90 days from receipt of the articles and in compliance with Code Section 7-1-630, send a copy of the articles and written approval of the articles to the Secretary of State after making such changes in the articles or bylaws consistent with this article and with the consent of the subscribers that it deems appropriate. Such approval shall indicate any changes made to the articles including changes from the proposed field of membership. If the department shall disapprove the articles, the procedures of subsection (b) of Code Section 7-1-635 shall be followed.   Upon receipt of the approval of the department, the Secretary of State shall thereupon issue a certificate attesting to the incorporation of the credit union. The credit union shall, however, confine itself to organizational activities until it receives a permit to do business.    (Ga. L. 1925, p. 165, § 3; Code 1933, § 25-103; Code 1933, § 41A-3003, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1983, p. 602, § 17; Ga. L. 1989, p. 1257, § 20; Ga. L. 2005, p. 826, § 13/SB 82.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 18 Am. Jur. 2d, Corporations, § 41.   C.J.S.   - 18 C.J.S., Corporations, § 56 et seq.
GA Code § 7-1-633 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 3 - Credit Unions|Part 1 - General Provisions; Organization|§ 7-1-633. Organizational Meeting of Directors; Commencing of Business

  Within 30 days after receipt of the certificate of incorporation from the Secretary of State, an organizational meeting of the board of directors named in the articles of incorporation shall be held for the purpose of accepting the certificate and bylaws, appointing a credit committee or, in lieu thereof, loan officers and an audit committee, and electing or appointing the officers, as provided in Code Section 7-1-655, who shall serve until the first directors' meeting after the first annual meeting. Notice of the meeting shall be given at least five days prior to the date of the meeting.   When the organization has been completed, the credit union shall notify the department of this fact and may commence business subject to its obtaining deposit insurance as required in Code Section 7-1-666.    (Ga. L. 1925, p. 165, §§ 4, 13; Code 1933, §§ 25-106, 25-113; Ga. L. 1956, p. 742, § 2; Ga. L. 1968, p. 465, § 6; Code 1933, § 41A-3004, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1981, p. 1244, § 3; Ga. L. 2004, p. 458, § 4; Ga. L. 2019, p. 828, § 19/HB 185.)    The 2019 amendment,  effective July 1, 2019, substituted "an audit committee" for "a supervisory committee" in the middle of the first sentence of subsection (a).   RESEARCH REFERENCES   Am. Jur. 2d.   - 18 Am. Jur. 2d, Corporations, §§ 45, 47. 18B Am. Jur. 2d, Corporations, § 1056.   C.J.S.   - 18 C.J.S., Corporations, § 66.
GA Code § 7-1-634 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 3 - Credit Unions|Part 1 - General Provisions; Organization|§ 7-1-634. Amendment of Articles and Bylaws; Fee for Investigation; Approval or Denial by Department

  Amendments to the bylaws of a credit union may be adopted and amendments of the articles may be requested by the affirmative vote of two-thirds of the authorized number of members of the board of directors at any duly held meeting thereof if the members of the board have been given prior written notice of said meeting and the notice has contained a copy of the proposed amendment or amendments. No amendment of the bylaws or of the articles shall become effective until approved in writing by the department.   Every proposed amendment of the articles shall be filed with the department together with the fee specified in Code Section 7-1-862. Proposed amendments of the bylaws shall be filed with the department.   The credit union may amend its bylaws to change its field of membership by adding additional groups of persons subject to the following conditions:   Each new group must have a common bond that meets one of the descriptions in subsection (b) of Code Section 7-1-630; and   The credit union must pay such fee as may be established by the department to defray the cost of investigation.     The department shall grant or deny approval of a complete and accepted application to amend the bylaws within 90 days, subject to safety and soundness and other criteria established by the department for these applications.   The department shall maintain a permanent record of any approved amendment to the bylaws of a credit union which changes the field of membership proposed in the original articles or as subsequently amended.    (Ga. L. 1925, p. 165, §§ 6, 11; Code 1933, §§ 25-104, 25-121; Ga. L. 1967, p. 595, § 3; Code 1933, § 41A-3005, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1976, p. 1681, § 2; Ga. L. 1983, p. 602, § 18; Ga. L. 1989, p. 1257, § 21; Ga. L. 1995, p. 673, § 25; Ga. L. 2005, p. 826, § 14/SB 82; Ga. L. 2015, p. 344, § 17/HB 184.)   OPINIONS OF THE ATTORNEY GENERAL   Department may not disapprove bylaws which fully comply with O.C.G.A.    § 7-1-630 et seq. - Superintendent (now commissioner) may not disapprove a bylaw which fully complies with the law or credit unions; the superintendent may only disapprove those bylaws which do not conform to the law. 1972 Op. Att'y Gen. No. 72-109.   RESEARCH REFERENCES   Am. Jur. 2d.   - 18 Am. Jur. 2d, Corporations, §§ 90, 164, 165.   C.J.S.   - 12 C.J.S., Building and Loan Associations, Savings and Loan Associations, and Credit Unions, §§ 20, 24.
GA Code § 7-1-635 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 3 - Credit Unions|Part 1 - General Provisions; Organization|§ 7-1-635. Procedures for Department

  The department shall, in its discretion, approve or disapprove of proposed amendments to the articles or to the bylaws within 90 days after they are submitted by the credit union and within that time shall so advise the Secretary of State of any changes to the articles and inform the credit union in writing of its approval or disapproval.   If the department should disapprove any articles or proposed amendments to articles or bylaws, it shall state the reasons for its disapproval.The subscribers or credit union shall have reasonable time, not more than 90 days from the date of disapproval or such additional time as the department may allow, to correct any matters causing its disapproval. If such matter is corrected, the department shall then advise the Secretary of State and credit union in writing of its approval of changes to the articles or the credit union alone in writing of its approval in the case of amendment of the bylaws.   Final action by the department in approving or disapproving articles or amendments thereto or to the bylaws shall be conclusive, except that it may be subject to judicial review under Code Section 7-1-90.    (Ga. L. 1967, p. 595, § 4; Code 1933, § 41A-3006, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1989, p. 1257, § 22; Ga. L. 2005, p. 826, § 15/SB 82.)   OPINIONS OF THE ATTORNEY GENERAL   Department may not disapprove bylaws which fully comply with O.C.G.A.    § 7-1-630 et seq. - Superintendent (now commissioner) may not disapprove a bylaw which fully complies with the law or credit unions; the superintendent may only disapprove those bylaws which do not conform to the law. 1972 Op. Att'y Gen. No. 72-109.   RESEARCH REFERENCES   Am. Jur. 2d.   - 18 Am. Jur. 2d, Corporations, § 115.