(a) A foreign bank licensed under this article to establish and maintain a Georgia state branch or Georgia state agency shall not concurrently maintain a federal branch or federal agency in this state. (b) A foreign bank which maintains a federal branch or federal agency in this state shall not concurrently be licensed under this article to maintain a Georgia state branch or Georgia state agency. History. Code 1981, § 7-1-1115, enacted by Ga. L. 2023, p. 651, § 48/HB 55, effective July 1, 2023.