reglab/housing_qa huggingface dataset:
GA Code § 7-1-607 (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|§ 7-1-607. Bank Holding Companies That Control a Bank - Registration, Reporting, Examinations, and Control

  On July 1, 1976, and annually thereafter on dates established by the commissioner, each bank holding company that controls a bank chartered by the department shall register with the commissioner on forms provided or prescribed by him or her, which may include such information with respect to the financial condition, operation, management, and intercompany relationships of the bank holding company and its subsidiaries and related matters as the commissioner may deem necessary or appropriate to carry out the purposes of this part.   The commissioner is authorized to issue such regulations and orders as may be necessary to enable him or her to administer and carry out the purposes of this Code section.   The commissioner from time to time may require reports under oath to keep him or her informed as to whether the provisions of this Code section and such regulations and orders thereunder issued by him or her have been complied with; may make examinations of each bank holding company and each subsidiary thereof, the cost of which may be assessed against and paid by such holding company; and shall, as far as possible, use the reports of examination made by the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, or the Board of Governors of the Federal Reserve System for the purposes of this Code section.   Bank holding companies that control a bank chartered by the department and subsidiaries or affiliates thereof shall be regulated, controlled, and examined by the commissioner to the same extent that he or she regulates, controls, and examines state banks under his or her jurisdiction, which would be in addition to the authority of the Federal Reserve Board as fixed by the laws of the United States. The commissioner is authorized, directed, and required to promulgate, with precision, rules and regulations and investment procedures in the regulation, examination, and control of bank holding companies that control a bank chartered by the department.    (Code 1933, § 13-207.2, enacted by Ga. L. 1976, p. 168, § 4; Ga. L. 1999, p. 674, § 17; Ga. L. 2016, p. 390, § 2-16/HB 811; Ga. L. 2017, p. 193, § 13/HB 143.)   OPINIONS OF THE ATTORNEY GENERAL   Commissioner has discretion to promulgate rules for regulation and examination.   - Amendments to Georgia bank holding company statutes commit promulgation of rules for regulation, examination and control of bank holding companies doing business in Georgia to discretion of the commissioner, who should exercise the commissioner's discretion in issuance of rules and regulations to the extent necessary to effectuate the purposes of bank holding company statutes. 1976 Op. Att'y Gen. No. 76-76.   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, § 21.   11 Am. Jur. 2d, Banks and Financial Institutions, §§ 1192, 1194.
GA Code § 7-1-609 (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|§ 7-1-609. Civil Actions by Department to Enforce Part

 The department may bring an appropriate civil action to enforce any provision of this part, whether by injunction or otherwise, in any superior court of this state having jurisdiction of one or more of the defendants.   (Code 1933, § 13-208, enacted by Ga. L. 1960, p. 67, § 7; Ga. L. 1970, p. 954, § 6.)   RESEARCH REFERENCES   C.J.S.   - 9 C.J.S., Banks and Banking, §§ 144, 154.
GA Code § 7-1-610 (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|§ 7-1-610. National Bank Rights

 National banks shall have the same but no greater rights under or by virtue of this part than the rights granted to banks and trust companies organized under the laws of this state.   (Ga. L. 1960, p. 67, § 2.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, § 1 et seq.   C.J.S.   - 9 C.J.S., Banks and Banking, § 1 et seq.
GA Code § 7-1-611 (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|§ 7-1-611. Penalties for Violations

 Any bank, bank holding company, or company (as defined in Code Section 7-1-605) which violates subsection (a) of Code Section 7-1-601 or any provision of Code Section 7-1-602, Code Section 7-1-603, or Code Sections 7-1-605 through 7-1-608 shall be subject to civil monetary penalties of not less than $500.00 nor more than $5,000.00 unless it shall cease and desist therefrom within 60 days after notice of any such violation served on it by the department. Each day on which such violation occurs shall constitute a separate offense.   (Code 1933, § 13-9938, enacted by Ga. L. 1960, p. 67, § 8; Ga. L. 2000, p. 136, § 7; Ga. L. 2016, p. 390, § 7-14/HB 811.)   RESEARCH REFERENCES   C.J.S.   - 9 C.J.S., Banks and Banking, § 32.
GA Code § 7-1-612 (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|§ 7-1-612. Power of Banks to Contract With Other Banks for Trust Services

 Notwithstanding any other provisions of this part to the contrary, any bank or trust company which does not exercise trust powers as provided in this chapter, whether or not such powers have been incorporated into its articles, may, with the consent of the department, contract with any bank or trust company exercising trust powers to provide for the latter bank or trust company to offer trust services through the branches and offices of the former bank or trust company.    (Code 1981, §7-1-612, enacted by Ga. L. 1983, p. 602, § 16; Ga. L. 1986, p. 1244, § 2.)
GA Code § 7-1-620 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 19 - Interstate Acquisitions of Banks and Bank Holding Companies|§ 7-1-620. Purpose of This Part

 This part governs the acquisition of banks having banking offices in Georgia by bank holding companies controlling bank subsidiaries having banking offices outside this state. It further governs the acquisition of banks having banking offices outside this state by bank holding companies controlling bank subsidiaries having banking offices in Georgia. It sets forth application, notice, and other related requirements. Acquisitions of banks having banking offices only in Georgia by bank holding companies controlling only bank subsidiaries having banking offices solely in Georgia are governed by the provisions of Code Sections 7-1-605 through 7-1-608.    (Code 1981, §7-1-620, enacted by Ga. L. 1996, p. 279, § 1; Ga. L. 2004, p. 631, § 7; Ga. L. 2016, p. 390, § 2-17/HB 811.)   Editor's notes.   - Ga. L. 1996, p. 279, § 1, redesignated former Code Section 7-1-620 as present Code Section 7-1-621.   Law reviews.   - For review of 1996 banking and finance legislation, see 13 Ga. St. U.L. Rev. 1.
GA Code § 7-1-623 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 19 - Interstate Acquisitions of Banks and Bank Holding Companies|§ 7-1-623. Acquisitions Not Requiring Department Approval

  Subject to any applicable restrictions or exceptions provided for in subsection (b) of Code Section 7-1-622, a bank holding company having a bank subsidiary with banking offices in Georgia may acquire a bank that does not have banking offices in this state, and a bank holding company may acquire an out-of-state bank with branch offices in Georgia, but shall notify the department at least 30 days prior to the consummation of the proposed transaction. The notification requirements of this subsection shall be satisfied by furnishing the department with a copy of the application or applications filed with applicable bank supervisory agencies seeking approval for the proposed transaction and such other information as the department shall request. In lieu of furnishing the entire application, the applicant may submit to the department a description of the transaction within the same time frame. In this event, the department shall request further information only if needed. The department may, for good cause shown, object to the transaction by letter to the bank holding company and to the appropriate federal or state regulator before consummation of the transaction.   A bank holding company may engage in the transactions described in paragraphs (1) and (2) of this subsection without the necessity of complying with Code Section 7-1-622, provided that it notifies the department not less than 30 days following the consummation of the transaction.   The acquisition of a Georgia bank, if such acquisition has been consummated with assistance from the Federal Deposit Insurance Corporation under Section 13(c) of the Federal Deposit Insurance Act, as amended, 12 U.S.C. Section 1823(c); or   The acquisition of a Georgia bank, if such acquisition has been consummated in the regular course of securing or collecting a debt previously contracted in good faith, as provided in and subject to the requirements of Section 3(a) of the federal Bank Holding Company Act of 1956, as amended, 12 U.S.C. Section 1842(a). If the bank acquired under this provision has banking offices in Georgia, the bank or bank holding company must divest the securities or assets acquired within two years of the date of acquisition. The department may, in its discretion, permit the bank or bank holding company to retain such interest for up to three additional periods of one year each.       (Code 1981, §7-1-622, enacted by Ga. L. 1984, p. 1467, § 1; Ga. L. 1988, p. 13, § 7; Ga. L. 1994, p. 215, § 3; Code 1981, §7-1-623, as redesignated by Ga. L. 1996, p. 279, § 1; Ga. L. 1999, p. 674, § 20; Ga. L. 2016, p. 390, § 2-19/HB 811.)   Editor's notes.   - Ga. L. 1996, p. 279, § 1, effective April 1, 1996, redesignated former Code Section 7-1-623 as present Code Section 7-1-624.
GA Code § 7-1-624 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 19 - Interstate Acquisitions of Banks and Bank Holding Companies|§ 7-1-624. Prohibited Acquisitions

  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.   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.     (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.
GA Code § 7-1-625 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 19 - Interstate Acquisitions of Banks and Bank Holding Companies|§ 7-1-625. Provisions Applicable To, and Qualification Of, Bank Holding Companies in State; Reciprocal Agreements; Confidentiality of Reports

  Any bank holding company controlling a bank having banking offices in Georgia shall be subject to the provisions of Code Sections 7-1-605 through 7-1-612 and the rules and regulations of the department applicable to bank holding companies.   Any bank holding company that has a bank subsidiary with banking offices in Georgia that is not otherwise organized under the laws of this state or qualified to do business in this state shall qualify to do business in this state as a foreign corporation. Such bank holding company shall agree to be bound by all the provisions of Code Sections 7-1-605 through 7-1-612 and by the provisions of this part. Any bank holding company having a Georgia bank subsidiary shall promptly advise the department of any changes in its registered office and agent.   The department may enter into cooperative and reciprocal agreements with the bank regulatory authorities of any state for the periodic examination of bank holding companies and may accept reports of examination and other records from such authorities in lieu of conducting its own examinations. The department may enter into joint actions with other regulatory bodies having concurrent jurisdiction or may enter into such actions independently to carry out its responsibilities under this title and assure compliance with the laws of this state. Any examinations or reports originated by Georgia or by another bank supervisory agency shall be deemed and treated as confidential according to Georgia law, and such confidentiality shall not be affected by the sharing of the examinations or reports. The department shall not be obligated to provide or disclose such examinations and reports to any third party. Agreements to share such examinations or reports shall contain provisions for dealing with confidentiality and subpoenas.     (Code 1981, §7-1-624, enacted by Ga. L. 1984, p. 1467, § 1; Ga. L. 1994, p. 215, § 5; Code 1981, §7-1-625, as redesignated by Ga. L. 1996, p. 279, § 1; Ga. L. 2018, p. 214, § 12/HB 780.)    The 2018 amendment,  effective May 3, 2018, deleted "and shall advise the department of the location of its initial registered office within this state and the name of its initial registered agent at such location" following "foreign corporation" at the end of the first sentence of subsection (b). See Editor's notes for applicability.   Editor's notes.   - Ga. L. 1996, p. 279, § 1, effective April 1, 1996, redesignated former Code Section 7-1-625 as present Code Section 7-1-626.   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 § 7-1-626 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 19 - Interstate Acquisitions of Banks and Bank Holding Companies|§ 7-1-626. Severability; Construction With Other Laws

  It is the express intention of the Georgia General Assembly to provide a unified and orderly method of permitting limited interstate banking. Thus, if any provision of this part establishing the framework within which interstate banking may occur or providing for registration, approval, and supervisory powers of the department and the commissioner is determined by final, nonappealable order of any Georgia or federal court of competent jurisdiction to be invalid or unconstitutional, 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 part, or the organization and powers of the department and the commissioner with respect thereto as provided in such other parts.     (Code 1981, §7-1-625, enacted by Ga. L. 1984, p. 1467, § 1; Ga. L. 1994, p. 215, § 6; Code 1981, §7-1-626, as redesignated by Ga. L. 1996, p. 279, § 1.)   Code Commission notes.   - Pursuant to Code Section 28-9-5, in 1996, in the second sentence of subsection (a), "may occur or" was substituted for "may occur," and a comma was deleted following "commissioner."   Editor's notes.   - Ga. L. 1996, p. 279, § 1, repealed former Code Section7-1-626, which was based on Code 1981, § 7-1-626, enacted by Ga. L. 1987, p. 1586, § 11; Ga. L. 1993, p. 917, § 6, relating to rights of bank holding companies consisting of building and loan associations.
GA Code § 7-1-627 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 19 - Interstate Acquisitions of Banks and Bank Holding Companies|§ 7-1-627. Resolution to Except Bank or Bank Holding Company From Acquisition; Severability

 Repealed by Ga. L. 1996, p. 279, § 1, effective April 1, 1996.   Editor's notes.   - This Code section was based on Code 1981, § 7-1-627 [repealed], enacted by Ga. L. 1994, p. 215, § 7.
GA Code § 7-1-628 (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. Purpose and Scope of Part

  It is the purpose of this part to permit interstate banking and branching by merger under Section 102 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, subject to the limitations and requirements set out in this part and in Parts 14, 18, and 19 of this article.   The scope of this part covers mergers where, upon consummation of the interstate merger transaction, the resulting bank will have banking locations in Georgia and at least one other state. It provides for certain approval, notice, and other requirements. Mergers involving banks having present and resulting branches located only in this state are governed by Part 14 of this article. To the extent a bank participating in an interstate merger transaction is owned or controlled by a bank holding company, the applicable provisions of Part 19 of this article shall also apply.   In authorizing the expansion of interstate banking to this state, and in the interests of its citizens, the General Assembly finds that primary consideration should be given to the following:   Affording protection and promoting convenience to bank depositors and other customers of financial institutions in this state;   Preserving the advantages of a sound dual banking system and the competitive equality of state chartered institutions with federally chartered institutions; and   Providing to the Department of Banking and Finance sufficient powers and responsibilities to implement these considerations.     This part is not intended to discriminate against out-of-state bank holding companies or against foreign bank holding companies in any manner that would violate Section 3(d) of the Bank Holding Company Act, as amended by the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994.     (Code 1981, §7-1-628, enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 1998, p. 128, § 7; Ga. L. 2016, p. 390, § 2-21/HB 811; Ga. L. 2021, p. 323, § 21/HB 111.)    The 2021 amendment,  effective July 1, 2021, deleted "15," following "Parts 14," near the end of subsection (a); and substituted "Part 14 of this article" for "Parts 14 and 15 of this article" at the end of the third sentence of subsection (b).   Code Commission notes.   - Pursuant to Code Section 28-9-5, in 1996, a comma was added in three places in paragraph (c)(3).
GA Code § 7-1-628.2 (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|§ 7-1-628.2. Mergers Permitted; Applicable Provisions

 Interstate merger transactions between out-of-state banks and Georgia banks including Georgia state banks shall be permitted provided that the applicable conditions, approvals, and filing requirements are met by participating banks and bank holding companies. The approval procedure for mergers involving banks having offices located only in this state are governed by Part 14 of this article. To the extent a bank participating in a merger is owned or controlled by a bank holding company, the provisions of Part 19 of this article shall also apply to the transaction.    (Code 1981, §7-1-628.2, enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 1997, p. 485, § 23; Ga. L. 2021, p. 323, § 22/HB 111.)    The 2021 amendment,  effective July 1, 2021, substituted "Part 14 of this article" for "Parts 14 and 15 of this article" at the end of the second sentence.
GA Code § 7-1-628.3 (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|§ 7-1-628.3. Prohibited Interstate Merger Transactions

  Except as otherwise expressly provided in this subsection, an interstate merger transaction shall not be permitted under this part if, upon consummation of such transaction, the resulting bank (including all insured depository institutions that would be "affiliates," as defined in 12 U.S.C. Section 1841(k) of the resulting bank) would control 30 percent or more of the total amount of deposits held by all insured depository institutions in this state. The 30 percent limitation shall not apply, in the discretion of the commissioner, to transactions complying with paragraph (1) of subsection (b) of Code Section 7-1-623. The commissioner may by regulation adopt a procedure whereby the foregoing limitations on concentration of deposits may be waived upon showing good cause.   An interstate merger transaction shall not be permitted under this part unless the Georgia bank shall have been in existence and continuously operating or incorporated as a bank on the date of such merger or acquisition for a period of at least three years, subject to any applicable exception contained in Code Section 7-1-608.     (Code 1981, §7-1-628.3, enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 1997, p. 485, § 23; Ga. L. 1999, p. 674, § 22; Ga. L. 2002, p. 670, § 3; Ga. L. 2015, p. 344, § 15/HB 184; Ga. L. 2021, p. 323, § 23/HB 111.)    The 2021 amendment,  effective July 1, 2021, rewrote subsection (a).