reglab/housing_qa huggingface dataset:
GA Code § 7-1-750 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 6 - Business Development Corporations|§ 7-1-750. Amendment of Articles

  Except as provided in subsections (b) and (c) of this Code section and subject to the approval of the department, the articles may be amended by the votes of the shareholders and the members of the corporation, voting separately by classes, and such amendments shall require approval by the affirmative vote of two-thirds of the votes to which the members shall be entitled.   No amendment shall be adopted which is inconsistent with the general purposes expressed in paragraph (3) of subsection (a) of Code Section 7-1-741 or which authorizes any additional class of stock to be issued or which would tend to impair the ability of the department to examine and supervise the corporation.   No amendment of the articles which increases the obligation of a member to make loans to the corporation or makes any change in the principal amount, interest rate, or maturity date or in the security or credit position of any outstanding loan of a member to the corporation or affects a member's right to withdraw from membership as provided in Code Section 7-1-748 or affects a member's voting rights as provided in this article shall be made without the consent of each member affected by such amendment.   Within 30 days after any meeting at which an amendment to the articles is approved, it shall be submitted to the department together with such information as the department shall require. If the department finds in its discretion that the proposed amendment is in conformity with the objectives and requirements of this article, it shall issue its certificate approving the amendment. If the amendment is disapproved, the department shall briefly state its reasons for such action to the corporation. The decision of the department shall be conclusive, except as it may be subject to judicial review as provided in Code Section 7-1-90.   Upon the approval of the department, articles of amendment signed and sworn to by the president, treasurer, and a majority of the directors, setting forth such amendment and due adoption thereof, shall, together with the department's certificate of approval, be submitted to the Secretary of State, who shall examine them and, if he finds that they conform to the requirements of this article, shall so certify and endorse his approval thereon.    (Ga. L. 1972, p. 798, § 10; Code 1933, § 41A-3411, enacted by Ga. L. 1974, p. 705, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 18 Am. Jur. 2d, Corporations, §§ 85, 86.   C.J.S.   - 18 C.J.S., Corporations, §§ 57, 58.
GA Code § 7-1-751 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 6 - Business Development Corporations|§ 7-1-751. Board of Directors; Officers and Agents

 The business affairs of the corporation shall be managed and controlled by a board of directors, a president, a vice-president, a secretary, a treasurer, and such other officers and such agents as the corporation shall authorize by its bylaws. The board of directors shall consist of such number, not less than 15 nor more than 21, as shall be determined in the first instance by the incorporators and thereafter annually by the members and the shareholders of the corporation. The board of directors may exercise all the powers of the corporation except such as are conferred by law or by the bylaws of the corporation upon the shareholders or members and shall choose and appoint all the agents and officers of the corporation and fill all vacancies except vacancies in the office of director, which shall be filled as provided in this Code section. The annual meeting shall be held prior to May 1 or, if no annual meeting shall be held in the year of incorporation, then within 90 days after the approval of the articles at a special meeting as provided in this Code section. At such annual meeting or at each special meeting held as provided in this Code section, the members of the corporation shall elect two-thirds of the board of directors and the shareholders shall elect the remaining directors. The directors shall hold office until the next annual meeting of the corporation or special meeting held in lieu of the annual meeting after the election and until their successors are elected and qualified, unless sooner removed in accordance with provisions of the bylaws. Any vacancy in the office of a director elected by the members shall be filled by the directors elected by the members, and any vacancy in the office of a director elected by the shareholders shall be filled by the directors elected by the shareholders. Directors and officers shall not be responsible for losses unless the same shall have been occasioned by the willful misconduct of such directors and officers.   (Ga. L. 1972, p. 798, § 11, Code 1933, § 41A-3412, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1975, p. 445, § 40; Ga. L. 1981, p. 965, § 6.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 18B Am. Jur. 2d, Corporations, § 1317 et seq.
GA Code § 7-1-752 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 6 - Business Development Corporations|§ 7-1-752. Earned Surplus; Fiscal Year

  Each year the corporation shall set apart as earned surplus not less than 10 percent of its net earnings for all the preceding fiscal year until such surplus shall be equal in value to one-half of the amount paid in on the capital then outstanding. Whenever the amount of surplus established in this Code section shall become impaired, it shall be built up again to the required amount in the manner provided for its original accumulation. Net earnings and surplus shall be determined by the board of directors after providing for such reserves as said directors deem desirable, and the determination of the directors made in good faith shall be conclusive on all persons.   Corporations organized under this article shall adopt the calendar year as their fiscal year.    (Ga. L. 1972, p. 798, §§ 12, 21; Code 1933, § 41A-3413, enacted by Ga. L. 1974, p. 705, § 1.)
GA Code § 7-1-753 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 6 - Business Development Corporations|§ 7-1-753. Deposit of Corporate Funds; Corporation Not to Accept Deposits

 The corporation shall not deposit any of its funds in any bank or other financial institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated. The corporation shall not receive money on deposit.   (Ga. L. 1972, p. 798, § 13; Code 1933, § 41A-3414, enacted by Ga. L. 1974, p. 705, § 1.)
GA Code § 7-1-754 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 6 - Business Development Corporations|§ 7-1-754. Supervision

 The department shall exercise the same power and authority over corporations organized under this article as is now or hereafter exercised over banks and trust companies by Articles 1 and 2 of this chapter where such law is not in conflict with this chapter.   (Ga. L. 1972, p. 798, § 14; Ga. L. 1973, p. 536, § 3; Code 1933, § 41A-3415, enacted by Ga. L. 1974, p. 705, § 1.)
GA Code § 7-1-755 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 6 - Business Development Corporations|§ 7-1-755. First Meeting and Organization

  The first meeting of the corporation shall be called by a notice signed by three or more of the incorporators, stating the time, place, and purpose of the meeting, a copy of which notice shall be mailed or delivered to each incorporator at least five days before the day appointed for the meeting. Said first meeting may be held without such notice upon agreement in writing to that effect signed by all the incorporators. There shall be recorded in the minutes of the meeting a copy of said notice or of such unanimous agreement of the incorporators.   At such first meeting the incorporators shall organize by the choice, by ballot, of a temporary clerk; by the adoption of bylaws; by the election, by ballot, of directors; and by action upon such other matters within the powers of the corporation as the incorporators may see fit. The temporary clerk shall be sworn and shall make and attest a record of the proceedings. Four of the incorporators shall be a quorum for the transaction of business.    (Ga. L. 1972, p. 798, § 15; Code 1933, § 41A-3416, enacted by Ga. L. 1974, p. 705, § 1.)
GA Code § 7-1-756 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 6 - Business Development Corporations|§ 7-1-756. Duration and Dissolution of Corporation

  The period of duration of a corporation organized under this article shall be 35 years, subject, however, to the right of its shareholders and the members to dissolve the corporation prior to the expiration of said period as provided in subsection (b) of this Code section, and further subject to any longer period of duration as may be specified in the articles of incorporation as originally filed and approved or as thereafter amended pursuant to Code Section 7-1-750.   The corporation may, upon the votes of the shareholders and the members of the corporation, voting separately by classes, dissolve said corporation; and such dissolution shall require approval by the affirmative vote of two-thirds of the votes to which the shareholders shall be entitled. Upon any dissolution of the corporation, none of the corporation's assets shall be distributed to the shareholders until all sums due the members of the corporation as creditors thereof have been paid in full.    (Ga. L. 1972, p. 798, §§ 16, 17; Code 1933, § 41A-3417, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1987, p. 1059, § 2.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 19 Am. Jur. 2d, Corporations, § 59 et seq.   C.J.S.   - 19 C.J.S., Corporations, § 904 et seq.   ALR.   - Propriety of applying minority discount to value of shares purchased by corporation or its shareholders from minority shareholders, 13 A.L.R.5th 840.
GA Code § 7-1-757 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 6 - Business Development Corporations|§ 7-1-757. State Credit Not Pledged

 Under no circumstances shall the credit of the State of Georgia be pledged to any corporation organized under this article nor shall acts of such corporation in any manner constitute or result in the creation of any indebtedness of the State of Georgia or any county or municipal corporation therein.   (Ga. L. 1972, p. 798, § 18; Code 1933, § 41A-3418, enacted by Ga. L. 1974, p. 705, § 1.)
GA Code § 7-1-758 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 6 - Business Development Corporations|§ 7-1-758. Tax Exemptions; State and Local Occupational License Taxes

  Any tax exemptions, tax credits, or tax privileges granted to banks or trust companies and other financial institutions by any general laws of this state are granted to corporations organized pursuant to this article.   Every corporation organized and engaged in business under this article shall pay an annual state occupational license tax of $50.00. Counties and municipalities are authorized, in addition, to levy the occupational license taxes as prescribed; provided, however, that no county or municipality shall levy any such occupational license tax in a greater amount than those prescribed.    (Ga. L. 1972, p. 798, §§ 19, 20; Code 1933, § 41A-3419, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2016, p. 390, § 7-4/HB 811; Ga. L. 2017, p. 774, § 7/HB 323.)
GA Code § 7-1-770 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-770. Definitions

 As used in this article:    An association is "local" if the greater portion of its investment in real estate loans is limited to loans on the security of a first lien or security title on real estate. Any such association may purchase real estate loans or interests in real estate loans which are made and owned by any savings and loan association to the extent authorized by the regulations of the department, provided that such regulations shall not permit the purchase of loans or interests in loans of any type or in any amounts (per individual loan or in the aggregate) which are not permitted by law to be purchased by savings and loan associations with principal offices in this state.   An association is "mutual" if all depositors in such association participate in the income of such association and if all borrowers are privileged to vote at least one vote at any meeting of members, it being unnecessary that any borrower should subscribe to or purchase any shares or be entitled to participate in any way in the income of such association.    (Ga. L. 1937-38, Ex. Sess., p. 307, § 2; Ga. L. 1945, p. 263, § 2; Ga. L. 1965, p. 473, § 1; Code 1933, § 41A-3501, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1981, p. 1366, § 16; Ga. L. 1982, p. 3, § 7; Ga. L. 2016, p. 390, § 7-15/HB 811.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, § 5 et seq.   C.J.S.   - 12 C.J.S., Building and Loan Associations, Savings and Loan Associations, and Credit Unions, § 1 et seq.   ALR.   - Power of savings bank or similar institution to provide checking facilities or negotiable orders of withdrawal (NOW) to customers, 64 A.L.R.3d 1314.   Promissory estoppel of lending institution based on promise to lend money, 18 A.L.R.5th 307.
GA Code § 7-1-771 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-771. Members of Building and Loan Association; Voting

 Reserved. Repealed by Ga. L. 2016, p. 390, § 7-16/HB 811, effective July 1, 2016.   Editor's notes.   - This Code section was based on Ga. L. 1945, p. 263, § 1; Code 1933, § 41A-3502, enacted by Ga. L. 1974, p. 705, § 1.
GA Code § 7-1-772 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-772. Presentation, Contents, and Execution of Articles of Building and Loan Association

 Reserved. Repealed by Ga. L. 2016, p. 390, § 7-16/HB 811, effective July 1, 2016.   Editor's notes.   - This Code section was based on Code 1933, § 41A-3503, enacted by Ga. L. 1974, p. 705, § 1.
GA Code § 7-1-773 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-773. Approval or Disapproval of Articles of Building and Loan Association by Department

 Reserved. Repealed by Ga. L. 1989, p. 1257, § 27, effective July 1, 1989.   Editor's notes.   - The former Code section was based on Ga. L. 1937-38, Ex. Sess., p. 307, § 6; Ga. L. 1973, p. 533, § 1; Code 1933, § 41A-3504, enacted by Ga. L. 1974, p. 705, § 1.
GA Code § 7-1-774 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-774. Approval of Articles of Building and Loan Association; Renewals or Amendments to Existing Charters

 Reserved. Repealed by Ga. L. 1989, p. 1257, § 28, effective July 1, 1989.   Editor's notes.   - The former Code section was based on Ga. L. 1937-38, Ex. Sess., p. 307, § 6; Ga. L. 1973, p. 533, § 1; Code 1933, § 41A-3505, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1975, p. 445, § 41.
GA Code § 7-1-775 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-775. Filing and Processing Articles of Incorporation and Amendments for Building and Loan Association

 Reserved. Repealed by Ga. L. 2016, p. 390, § 7-16/HB 811, effective July 1, 2016.   Editor's notes.   - This Code section was based on Code 1933, § 41A-3506, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1975, p. 445, § 41; Ga. L. 1989, p. 1257, § 29.
GA Code § 7-1-776 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-776. Certificate of Incorporation or Amendment Issued by Secretary of State

 Reserved. Repealed by Ga. L. 2016, p. 390, § 7-16/HB 811, effective July 1, 2016.   Editor's notes.   - This Code section was based on Code 1933, § 41A-3507, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1989, p. 1257, § 30.
GA Code § 7-1-777 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-777. Principal and Branch Offices

 No savings and loan association or similar corporation existing under the laws of this state or of the United States shall accept deposits in this state except on the premises of an established principal office or branch office operated pursuant to this article. For the purposes of this Code section, the term "branch office" shall be construed to mean any office of such association or corporation which is intended to be permanently established in a fixed location and to be operated at such location on substantially a full-time basis.   (Ga. L. 1973, p. 653, § 1; Code 1933, § 41A-3508, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2016, p. 390, § 7-4/HB 811.)
GA Code § 7-1-778 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-778. Rules and Regulations Governing Building and Loan Associations

 Reserved. Repealed by Ga. L. 2016, p. 390, § 7-16/HB 811, effective July 1, 2016.   Editor's notes.   - This Code section was based on Ga. L. 1937-38, Ex. Sess., p. 307, § 8; Code 1933, § 41A-3509, enacted by Ga. L. 1974, p. 705, § 1.
GA Code § 7-1-779 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-779. Use of "Savings and Loan" or Other Terms Likely to Mislead Public as to Nature of Business

 No person or corporation, except a savings and loan association actually engaged in carrying on a savings and loan business as contemplated by this article or the laws of the United States, shall transact business under any name or title which contains the term "savings and loan" or combination of the words used in said phrase or use any sign or any letterhead or billhead, circular, or paper of any kind or advertise in any manner which indicates that his or its business is the character or kind of business carried on or transacted by a savings and loan association or which is likely to lead the public to believe that his or its business is that of a savings and loan association.   (Ga. L. 1937-38, Ex. Sess., p. 307, § 10; Code 1933, § 41A-3510, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2016, p. 390, § 7-4/HB 811; Ga. L. 2017, p. 774, § 7/HB 323.)   Cross references.   - Regulations pertaining to use of names by financial institutions generally, § 7-1-130.   OPINIONS OF THE ATTORNEY GENERAL   Foreign state building and loan associations.    - Since building and loan associations are defined as local mutual associations under former Code 1933, § 41A-3501 (see now O.C.G.A. § 7-1-770), foreign state building and loan associations are prohibited from directly or indirectly establishing loan production offices in Georgia under former Code 1933, § 41A-3510 (see now O.C.G.A. § 7-1-779). 1978 Op. Att'y Gen. No. 78-70.    Foreign state savings and loan association  may not transact business in Georgia under any name containing the terms "savings and loan," nor may it advertise in any manner which indicates that its business is the kind carried on by a savings and loan association. 1983 Op. Att'y Gen. No. 83-23.   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, § 188.   C.J.S.   - 12 C.J.S., Building and Loan Associations, Savings and Loan Associations, and Credit Unions, § 17.
GA Code § 7-1-780 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-780. Lien on Deposits to Secure Loans

 To secure loans, savings and loan associations shall have a lien without further agreement or pledge upon all deposits with it by a borrower; and, upon default upon any loan, any such association may, without notice to or consent of the borrower, cancel on its books part or all of the amount outstanding to the credit of the borrower not exceeding his obligations to the association and apply such amount in payment of the obligations.   (Ga. L. 1937-38, Ex. Sess., p. 307, § 11; Code 1933, § 41A-3511, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2016, p. 390, § 7-4/HB 811.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, § 780.   C.J.S.   - 12 C.J.S., Building and Loan Associations, Savings and Loan Associations, and Credit Unions, § 69.   ALR.   - Bank's right of setoff, based on debit of one depositor, against funds in account standing in names of debtor and another, 68 A.L.R.3d 192.
GA Code § 7-1-781 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-781. Conversion Into Savings and Loan Association

 Any other financial institution existing under the laws of this state doing a home financing business may convert itself into a savings and loan association in accordance with Section 5 of the Home Owners' Loan Act, 12 U.S.C. Section 1464, upon a vote of 51 percent or more of the votes of the members cast at an annual meeting or at any special meeting called to consider such action.   (Ga. L. 1937-38, Ex. Sess., p. 307, § 12; Code 1933, § 41A-3512, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2016, p. 390, § 7-17/HB 811.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, § 235 et seq.
GA Code § 7-1-782 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-782. Effect of Conversion Into Savings and Loan Association

 Reserved. Repealed by Ga. L. 2016, p. 390, § 7-16/HB 811, effective July 1, 2016.   Editor's notes.   - This Code section was based on Ga. L. 1937-38, Ex. Sess., p. 307, § 12; Code 1933, § 41A-3513, enacted by Ga. L. 1974, p. 705, § 1.
GA Code § 7-1-783 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-783. Previous Conversions Into Savings and Loan Associations Ratified

 Any corporation which has converted itself prior to April 1, 1975, into a savings and loan association under the Home Owners' Loan Act and has received a charter from the Federal Home Loan Bank Board shall be recognized as a savings and loan association, and its federal charter shall be given full credence by the courts of this state to the same extent as if such conversion had taken place under this article.   (Ga. L. 1937-38, Ex. Sess., p. 307, § 12; Code 1933, § 41A-3514, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2016, p. 390, § 7-18/HB 811.)
GA Code § 7-1-784 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 7 - Building and Loan Associations and Savings and Loan Associations|§ 7-1-784. Conversion Into Building and Loan Association

 Reserved. Repealed by Ga. L. 2016, p. 390, § 7-16/HB 811, effective July 1, 2016.   Editor's notes.   - This Code section was based on Ga. L. 1937-38, Ex. Sess., p. 307, § 12; Code 1933, § 41A-3515, enacted by Ga. L. 1974, p. 705, § 1.