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” means any office of such association or corporation which is intended to be permanently established in a fixed 468 7-1-779 location and to be operated at such location on substantially a full-time basis. History. 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. L. 2024, p. 1052, § 1(a)(25)/SB 448, effective July 1, 2024. Amendments. The 2024 amendment, effective July 1, 2024, part of an Act to revise, modernize, and correct the Code, substituted “means” for “shall be construed to mean” in this Code section. 7-1-778. [Reserved] Rules and regulations governing building and loan associations. History. Ga. L. 1937-38, Ex. Sess., p. 307, § 8; Code 1933, § 41A-3509, enacted by Ga. L. 1974, p. 705, § 1; repealed by Ga. L. 2016, p. 390, § 7-16/HB 811, effective July 1, 2016. Editor’s notes. Ga. L. 2016, p. 390, § 7-16/HB 811 repealed and reserved this Code section, effective July 1, 2016. 7-1-779.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. History. 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.