Georgia Code
Part 8 - Incorporation of Banks and Trust Companies
§ 7-1-396. Effect of Certificate of Incorporation; Permit to Begin Business

History. Ga. L. 1919, p. 135, art. 8, §§ 7, 8; Code 1933, §§ 13-908, 13-909; Ga. L. 1963, p. 511, §§ 1, 2; Ga. L. 1966, p. 692, §§ 14, 16; Code 1933, § 41A-1807, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1975, p. 445, § 23; Ga. L. 1977, p. 730, § 5; Ga. L. 1987, p. 1586, § 6; Ga. L. 1991, p. 94, § 7; Ga. L. 1998, p. 795, § 17; Ga. L. 2008, p. 381, § 4/SB 358; Ga. L. 2019, p. 828, § 7/HB 185; Ga. L. 2020, p. 493, § 7/SB 429.
The 2019 amendment, effective July 1, 2019, added “and” at the end of subparagraph (d)(1)(A); deleted former subparagraph (d)(1)(B), which read: “An expense fund in an amount fixed by the department which shall not be less than 5 percent of the capital stock; and”; and redesignated former subparagraph (d)(1)(C) as present subparagraph (d)(1)(B).
The 2020 amendment, effective July 29, 2020, part of an Act to revise, modernize, and correct the Code, revised punctuation near the end of subsection (a).

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