History. Ga. L. 1966, p. 692, § 17; Code 1933, § 41A-1105, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2020, p. 493, § 7/SB 429.
The 2020 amendment, effective July 29, 2020, part of an Act to revise, modernize, and correct the Code, substituted “provided, further, that such” for “provided, further, such” in the second proviso of subsection (a).
Cross references.
Restrictions on advertising for sale instruments purporting to be insured or guaranteed in manner comparable to insured deposit or shared account when such instrument does not in fact possess comparable insurance coverage, § 7-1-133 .
For similar provisions as to deposit insurance requirements for credit unions, § 7-1-666 .
For similar provisions pertaining to building and loan association deposit insurance requirements, § 7-1-797 .
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
§ 7-1-240. Powers and Restrictions Applicable When Acting as Bank and Trust Company
§ 7-1-241. Restrictions on Engaging in Banking Business
§ 7-1-242. Restriction on Corporate Fiduciaries
§ 7-1-243. Restrictions on Banking and Trust Nomenclature
§ 7-1-244. Deposit Insurance Requirements; Public Notices When Deposits Not Properly Insured