Title 7 — Banking and Finance
0 chapters · 568 sections in this title.
O.C.G.A. § 7-1-95 Advisory opinions
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Interest and usury complaints, §7-1-99. Agency action after time limit without resubmittal, §7-1-76. Agreements with other supervisory or regulatory authorities, §7-1-78. Appropriations. Payment of expenses from appropriations, §7-1-43. Commissioner approval of state regulations,…
O.C.G.A. § 7-1-950 Amendment of articles
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(a) 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 a…
O.C.G.A. § 7-1-951 Board of directors; officers and agents
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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…
O.C.G.A. § 7-1-952 Setting apart net earnings; fiscal year
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(a) Each year the corporation shall set apart its net earnings for all the preceding fiscal year. Whenever the amount of minimum capital established in Code Section 7-1-941 shall become impaired, it shall be built up again to the required amount in the manner provided for its orig…
O.C.G.A. § 7-1-953 Deposit of corporate funds
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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 …
O.C.G.A. § 7-1-954 Departmental power over corporations
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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. History. Code 1981, § …
O.C.G.A. § 7-1-955 First meeting
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(a) 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 appoint…
O.C.G.A. § 7-1-956 Purpose
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Definitions. Reporting requirements. Access to reports. Civil penalties; action for recovery. Criminal penalties; penalties imposed by other Code sections not superseded. Forfeiture of property involved in illegal transactions. Venue for the offense of money laundering. 7-1-957. 7…
O.C.G.A. § 7-1-957 State indebtedness not to be created
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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 …
O.C.G.A. § 7-1-958 Business restrictions, §7-1-112
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Change in control. Acquiring control of institutions, §§7-1-230 to 7-1-236. Checks. Originals. Not required to maintain, §7-1-63. Citation of title, §7-1-1. Closing days. Emergency closings, §7-1-111. Notice of intent to close banking location, §7-1-110.1. Permissive closing days…
O.C.G.A. § 7-1-98 Department of Law to advise department
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It shall be the duty of the Department of Law to advise the department on any question of law submitted by it. History. Ga. L. 1919, p. 135, art. 2, § 23; Ga. L. 1931, p. 7, § 91; Code 1933, § 13-323; Code 1933, § 41A-409, enacted by Ga. L. 1974, p. 705, § 1. 7-1-99. Duties and r…