reglab/housing_qa huggingface dataset:
GA Code § 7-1-552 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 15 - Conversions, Mergers, and Consolidations Involving National Banks|§ 7-1-552. National Bank to State Bank or Trust Company Conversions - Filings With Department

 In the case of a conversion, the national bank shall file with the department:    Information desired by the department in order to evaluate the proposed conversion, in the form specified by the department;   Applicable fees established by regulation of the department to defray the expenses of its investigation under Code Section 7-1-553; and   A certificate of the Secretary of State showing that the proposed name of the resulting bank or trust company has been reserved under Code Section 7-1-131.    (Ga. L. 1953, Jan.-Feb. Sess., p. 73, § 9; Code 1933, § 41A-2503, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1995, p. 673, § 22; Ga. L. 2021, p. 323, § 14/HB 111.)    The 2021 amendment,  effective July 1, 2021, deleted former subsection (a), which read: "(a) In the case of a merger or consolidation, the parties shall make the filings and publication required by Code Sections 7-1-532 and 7-1-533."; deleted the subsection (b) designation; deleted "also" following "the national bank shall" in the introductory paragraph; and deleted former subsection (c), which read: "(c) In the case of a conversion, the national bank shall publish, in the manner prescribed by Code Section 7-1-532, a notice of the proposed conversion, setting forth its name and the name it proposes to use as a bank or trust company and designating the place where a copy of the plan of conversion may be examined. The notice shall be published in the county of the main office of the national bank."
GA Code § 7-1-553 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 15 - Conversions, Mergers, and Consolidations Involving National Banks|§ 7-1-553. National Bank to State Bank or Trust Company Conversions - Approval or Disapproval by Department; Federal Approval or Disapproval

  In the case of a conversion, the department shall conduct such investigation as it may deem necessary to ascertain whether:   The articles of conversion and supporting items satisfy the requirements of this chapter;   The plan adequately protects the interests of depositors, other than creditors and shareholders; and   The requirements for a conversion under all applicable laws have been satisfied and the resulting institution would satisfy the requirements of this chapter applicable to it.     Within 90 days after receipt of the articles and the filings required by Code Section 7-1-552, the department shall, in its discretion, approve or disapprove the articles on the basis of its investigation and the criteria set forth in subsection (a) of this Code section. If the department shall approve the articles, it shall deliver its written approval with a copy of the articles attached to the Secretary of State and notify the national bank, and any other parties to the plan, of its action, provided that, if approval of any federal agency is required, the department may elect to not act on the application until such federal approval is given. If the department shall disapprove, at its option, the application, it shall give written notice to the national bank and any other parties to the plan of its disapproval and a statement to them generally of the reasons for its decision. The decision of the department shall be conclusive, except that it may be subject to judicial review under Code Section 7-1-90.    (Code 1933, § 41A-2504, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1977, p. 730, § 8; Ga. L. 1989, p. 1257, § 17; Ga. L. 2021, p. 323, § 15/HB 111.)    The 2021 amendment,  effective July 1, 2021, rewrote subsection (a), which read: "The department shall conduct such investigation as it may deem necessary to ascertain whether:   "(1) In the case of a conversion:   "(A) The articles of conversion and supporting items satisfy the requirements of this chapter;   "(B) The plan adequately protects the interests of depositors, other than creditors and shareholders; and   "(C) The requirements for a conversion under all applicable laws have been satisfied and the resulting institution would satisfy the requirements of this chapter applicable to it; and   "(2) In the case of a merger or consolidation, the criteria stated in subsection (a) of Code Section 7-1-534 are satisfied."; and, in subsection (b), substituted "may elect to not act on the application" for "may withhold, at its option, its approval from the Secretary of State" near the end of the second sentence and deleted the former third sentence, which read: "If required federal approval is not given, the department may, at its option, withdraw its approval for this reason."
GA Code § 7-1-554 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 15 - Conversions, Mergers, and Consolidations Involving National Banks|§ 7-1-554. National Bank to State Bank or Trust Company Conversions - Issuance of Certificate of Conversion

 If all the taxes, fees, and charges required by law shall have been paid and if the name of the resulting bank or trust company continues to be reserved or is available on the records of the Secretary of State, upon the receipt of the written approval of the department, the Secretary of State shall immediately issue to the resulting bank or trust company a certificate of conversion and shall retain a copy of such certificate, the articles, and the approval from the department.   (Ga. L. 1953, Jan.-Feb. Sess., p. 73, § 6; Ga. L. 1972, p. 727, § 6; Code 1933, § 41A-2505, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2021, p. 323, § 16/HB 111.)    The 2021 amendment,  effective July 1, 2021, deleted ", consolidation, or merger" following "certificate of conversion" near the end.
GA Code § 7-1-556 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 15 - Conversions, Mergers, and Consolidations Involving National Banks|§ 7-1-556. State Bank or Trust Company to National Bank or Federal Savings Institution Conversions

  A bank or trust company may convert to a national bank or a federal savings institution upon:   Authorization by and compliance with the laws of the United States; and   Adoption of a plan of conversion by the affirmative vote of at least:   A majority of its directors; and   The holders of two-thirds of each class of its shares at a meeting held upon not less than ten days' notice to all shareholders.       A state bank or trust company which converts to a national bank or a federal savings institution shall:   Notify the department of the proposed conversion;   Provide such evidence of the adoption of the plan of conversion as the department may request;   Notify the department of any abandonment or disapproval of the plan; and   File with the department and with the Secretary of State a certificate of the approval of the conversion by the appropriate federal regulator.     Conversion of a state institution to a national banking association or a federal savings institution shall be effective upon completion of the requirements in subsection (b) of this Code section. Upon receipt of written confirmation from the department that the requirements of subsection (b) of this Code section have been satisfied, the institution's articles as an institution existing under the laws of this state shall be automatically terminated.    (Code 1933, §§ 13-1305, 13-1306, 13-1307, 13-1308, 13-1309, enacted by Ga. L. 1949, p. 536, § 1; Ga. L. 1953, Jan.-Feb. Sess., p. 67, § 1; Code 1933, § 41A-2507, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1999, p. 674, § 15; Ga. L. 2021, p. 323, § 18/HB 111.)    The 2021 amendment,  effective July 1, 2021, substituted "convert to a national bank" for "convert into, or merge or consolidate with, a national bank" in subsection (a); deleted ", merger, or consolidation" following "plan of conversion" in paragraph (a)(2); in subsection (b), substituted "converts to a national bank" for "converts into or merges or consolidates with a national bank" in the introductory paragraph; deleted ", merger, or consolidation" following "conversion" in paragraphs (b)(1), (b)(2), and (b)(4); and, in subsection (c), substituted "Conversion of a state institution to a national banking" for "Conversion, merger, or consolidation of a state institution into a national banking" at the beginning of the first sentence, and substituted "Code section. Upon receipt of written confirmation from the department that the requirements of subsection (b) of this Code section have been satisfied, the institution's articles" for "Code section, and its articles" near the middle of the former first sentence.   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, §§ 191 et seq., 238.   C.J.S.   - 9 C.J.S., Banks and Banking, §§ 527, 597, 598.
GA Code § 7-1-557 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 15 - Conversions, Mergers, and Consolidations Involving National Banks|§ 7-1-557. Merger, Consolidation, or Share Exchange of Nonbank Corporations Into National Banks

 Repealed by Ga. L. 2021, p. 323, § 19/HB 111, effective July 1, 2021.   Editor's notes.   - This Code section was based on Ga. L. 1974, p. 705, § 1; Ga. L. 2007, p. 502, § 12/SB 70.
GA Code § 7-1-570 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 16 - Sale and Other Disposition of Assets|§ 7-1-570. Secured Transactions and Other Dispositions of Assets Not Requiring Shareholder Approval

  Unless the articles or bylaws otherwise provide, the board of directors may authorize any of the following transactions without any vote or consent of the shareholders:   Any mortgage or pledge of, or creation of a security interest in, or conveyance of title to, all or any part of the property and assets of the bank or trust company of any description, or any interest therein, for the purpose of securing the payment or performance of any contract, note, bond, or other obligation of the bank or trust company; or   Any sale, lease, exchange, or other disposition of less than substantially all the property and assets of the bank or trust company.     Any transaction made as permitted by this Code section without any vote or consent of the shareholders may be upon such terms and conditions and for such consideration as the board may deem to be in the best interests of the bank or trust company.    (Code 1933, § 41A-2601, enacted by Ga. L. 1974, p. 705, § 1.)   RESEARCH REFERENCES   C.J.S.   - 18A C.J.S., Corporations, § 296 et seq.
GA Code § 7-1-572 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 16 - Sale and Other Disposition of Assets|§ 7-1-572. Right of Shareholder to Dissent

 A shareholder of a bank or trust company shall have the right to dissent from any sale, lease, exchange, or other disposition of all, or substantially all, the property and assets of a bank or trust company pursuant to Code Section 7-1-571, except for a sale wholly for cash pursuant to a plan by which all, or substantially all, of the net proceeds of the sale will be distributed to the shareholders in accordance with their respective interests within one year after the date of the sale. The shareholders' right of dissent shall be exercised as provided in Chapter 2 of Title 14, known as the "Georgia Business Corporation Code."   (Code 1933, § 41A-2603, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1989, p. 946, § 69; Ga. L. 1989, p. 1257, § 18; Ga. L. 2019, p. 828, § 16/HB 185.)    The 2019 amendment,  effective July 1, 2019, in the first sentence of this Code section, substituted "pursuant to a plan by which" for "where the shareholders' approval thereof is conditional upon the distribution of"and inserted "will be distributed" in the middle.   Editor's notes.   - The amendment to this Code section by Ga. L. 1989, p. 946, § 69, was superseded by the amendment by Ga. L. 1989, p. 1257, § 18, which was enacted later.   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, §§ 194, 198, 238.   C.J.S.   - 18A C.J.S., Corporations, §§ 394 et seq., 431 et seq.
GA Code § 7-1-590 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 17 - Representative Offices and Registration|§ 7-1-590. Definitions

 As used in this part, the term:    "Bank" and "bank holding company" shall have the same meaning as in Part 18 of this article. A "banking business" is the business which a bank is authorized to do pursuant to this title. The power to receive deposits or the performance of any transaction directly or through an affiliate or agent relative to a deposit account shall be presumed to constitute a banking business.   "Domicile" means the home state as defined in paragraph (12) of Code Section 7-1-621 where a bank is chartered or where a bank holding company is incorporated.   "Loan production office" is a form of a representative office, where the solicitation of loans or of leases of personal property may occur, but not the disbursement of loan proceeds nor any other banking business. It shall be established and registered as a representative office.   "Representative office" is an office established by a bank, a bank holding company, or an agent or subsidiary of either for the purpose of conducting business activities other than a banking business. It shall not be considered to be a branch office or main office.   "Trust production office" means a trust sales office of a qualifying individual or corporate fiduciary which office is not performing fiduciary activities. The trust institution desiring to establish such an office in this state must apply to the department on forms provided by the department, must be approved by the commissioner to engage in sales activities in this state, and must register and pay any fees required for a representative office under Code Section 7-1-593. Sales activities shall consist primarily of marketing or soliciting in this state using mail, telephone, or electronic means or in person to act or propose to act as a fiduciary outside of this state. The department shall be permitted to examine such trust production offices to ascertain whether they are limiting their activities as prescribed.     (Code 1981, §7-1-590, enacted by Ga. L. 1995, p. 673, § 23; Ga. L. 1997, p. 485, § 19; Ga. L. 1999, p. 674, § 16; Ga. L. 2018, p. 214, § 11/HB 780.)    The 2018 amendment,  effective May 3, 2018, inserted "business activities" in the first sentence of paragraph (4). See Editor's notes for applicability.   Code Commission notes.   - Pursuant to Code Section 28-9-5, in 1997, "means" was substituted for "shall mean" in the first sentence in paragraph (5).   Editor's notes.   - Ga. L. 2018, p. 214, § 26(b)/HB 780, not codified by the General Assembly, provides that: "It is not the intent of the General Assembly to affect the law applicable to litigation pending as of March 9, 2018."
GA Code § 7-1-591 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 17 - Representative Offices and Registration|§ 7-1-591. Establishment of Representative Office by Bank or Bank Holding Company Domiciled in State; Out of State Activities

  A bank domiciled in this state and operating under the laws of this state or a subsidiary or agent of such bank may establish a representative office anywhere in the state upon registering with the department. A bank holding company domiciled in this state and operating under the laws of this state or a nonbank subsidiary or agent of such bank holding company may establish a representative office anywhere in this state upon registering with the department.   Subject to any limitation or restrictions of the host state and upon registering the representative office with the department, a Georgia chartered bank may conduct any activities at any representative office outside Georgia that are authorized by Georgia law or that are permissible for a bank chartered by the host state where the representative office 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 chartered 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 representative offices of the Georgia chartered bank in particular activities would not threaten the safety or soundness of such bank.     (Code 1981, §7-1-591, enacted by Ga. L. 1995, p. 673, § 23; Ga. L. 1999, p. 674, § 16; Ga. L. 2016, p. 390, § 2-8/HB 811; Ga. L. 2020, p. 320, § 5/HB 781.)    The 2020 amendment,  effective January 1, 2021, designated the existing provisions as subsection (a) and added subsection (b).   Cross references.   - Requirement of maintenance of registered office by financial institutions in state, § 7-1-132.
GA Code § 7-1-592 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 17 - Representative Offices and Registration|§ 7-1-592. Establishment of Representative Office by Bank or Holding Company Domiciled in State or Outside of State; Conformance With Requirements of Primary Regulator

 A bank or bank holding company domiciled in this state and operating under the laws of the United States or domiciled outside this state and operating under the laws of such other state or territory or of the United States, or its subsidiary or agent, may establish representative offices anywhere in this state, provided that such bank or bank holding company conforms to the requirements of its primary regulator.    (Code 1981, §7-1-592, enacted by Ga. L. 1995, p. 673, § 23; Ga. L. 1999, p. 674, § 16; Ga. L. 2016, p. 390, § 2-9/HB 811.)   Cross references.   - Requirement of maintenance of registered office by financial institutions in state, § 7-1-132.   RESEARCH REFERENCES   ALR.   - In personam jurisdiction under long-arm statute of nonresident banking institution, 9 A.L.R.4th 661.
GA Code § 7-1-593 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 17 - Representative Offices and Registration|§ 7-1-593. Registration of Bank or Bank Holding Company Having Representative Office in State

  A bank or bank holding company domiciled in this state and having a representative office shall register such representative office with the department. Prior to closing a representative office, such bank or bank holding company must post notice of the closing as required by Code Section 7-1-110.1.   The department may review the operations of any representative office annually or at such greater frequency as it deems necessary to assure that the office does not transact a banking business.     (Code 1981, §7-1-593, enacted by Ga. L. 1995, p. 673, § 23; Ga. L. 1999, p. 674, § 16; Ga. L. 2016, p. 390, § 2-10/HB 811; Ga. L. 2020, p. 320, § 6/HB 781.)    The 2020 amendment,  effective January 1, 2021, substituted the present provisions of subsection (a) for the former provisions, which read: "A bank or bank holding company domiciled in this state and having a representative office located in this state shall register with the department annually on forms prescribed by the department. Such registration shall be filed according to regulations issued by the department and shall list the names of all its Georgia representative offices, the street address of the offices, the nature of the business to be transacted in or through the offices, and such other information as the department may require. The department may consolidate these requirements with the holding company registration required in Parts 18, 19, and 20 of this article."
GA Code § 7-1-594 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 17 - Representative Offices and Registration|§ 7-1-594. Registration of Banks or Bank Holding Companies Conducting Agency Relationships

 Repealed by Ga. L. 2016, p. 390, § 2-11/HB 811, effective July 1, 2016.   Editor's notes.   - This Code section was based on Code 1981, § 7-1-594, enacted by Ga. L. 1995, p. 673, § 23.   Ga. L. 2017, p. 774, § 7(6)/HB 323, part of an Act to revise, modernize, and correct the Code, repealed the reservation of this Code section.
GA Code § 7-1-604 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 18 - Bank Branches, Offices, Facilities, and Holding Companies|§ 7-1-604. Banking Business Prohibited Except as Allowed by Title 7 or Applicable Federal Law

 No bank shall carry on or conduct or do a banking business in this state except in accordance with the provisions of this title or federal law directly applicable to the bank. A "banking business" is the business which a bank is authorized to do pursuant to this title.   (Code 1933, § 13-204.1, enacted by Ga. L. 1967, p. 105, § 1; Ga. L. 1970, p. 954, § 5; Ga. L. 1999, p. 674, § 17; Ga. L. 2016, p. 390, § 2-15/HB 811.)   OPINIONS OF THE ATTORNEY GENERAL   Participation of bank with brokerage in offering investment program.    - Actions of a bank, participating with a brokerage in offering a particular type of investment program, do not constitute the business of banking in violation of O.C.G.A. § 7-1-241 or O.C.G.A. § 7-1-604. 1981 Op. Att'y Gen. No. 81-59.   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, §§ 19 et seq., 178.   C.J.S.   - 9 C.J.S., Banks and Banking, §§ 29, 44, 45.   ALR.   - What is a "branch bank" within statutes regulating the establishment of branch banks, 23 A.L.R.3d 683.