Georgia Code
Part 11 - Dividends, Distributions, and Preferred Share Acquisition
§ 7-1-461. Distribution Upon Reduction of Capital Stock or Paid-in Capital

History. Code 1933, § 41A-2102, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2019, p. 828, § 14/HB 185.
The 2019 amendment, effective July 1, 2019, deleted “and would have the paid-in capital and appropriated retained earnings required by Code Section 7-1-411” following “chapter” at the end of subsection (a); and deleted “provided that after such distribution the institution shall continue to have the paid-in capital and appropriated retained earnings required by Code Section 7-1-411 and” following “paid-in capital,” in the middle of subsection (c).

<< Previous
Next >>

Structure Georgia Code

Georgia Code

Title 7 - Banking and Finance

Chapter 1 - Financial Institutions

Article 2 - Banks and Trust Companies

Part 11 - Dividends, Distributions, and Preferred Share Acquisition

§ 7-1-460. Restrictions on Payment of Dividends; Limitation of Actions for Dividends or Distributions

§ 7-1-461. Distribution Upon Reduction of Capital Stock or Paid-in Capital

§ 7-1-462. Dividends and Distributions Must Be Authorized by Chapter

§ 7-1-463. Preferred Share Acquisition