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10 chapters · 671 sections in this title.
O.C.G.A. § 7-2-1 Incorporation procedures
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(a) Within one year after July 1, 1974, the duly authorized representatives of not less than three credit unions chartered and existing under the laws of this state may petition the Secretary of State for incorporation of a nonprofit credit union deposit insurance corporation, her…
O.C.G.A. § 7-2-10 Conduct of business by incorporators and directors
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The corporation’s business shall be conducted by the incorporators, who shall serve until the organizational meeting of the corporation, at which time not less than three directors shall be elected by the members of the corporation in accordance with the bylaws. Thereafter, the c…
O.C.G.A. § 7-2-11 Exclusive supervision by department; rules and regulations
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(a) The corporation shall not be deemed an insurance company within the meaning of the laws of the State of Georgia relating to insurance or providing for the supervision of insurance companies, but it shall be subject to the exclusive supervision of the department. The departmen…
O.C.G.A. § 7-2-12 Copies of members’ reports sent to corporation; additional examinations or audits; ordering corrective action or revoking membership
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(a) The department shall forward to the corporation copies or summaries of all examination reports of member financial institutions. In the event a summary is provided, the corporation may request a complete and full report. (b) The corporation may request the department to conduc…