History. Ga. L. 1898, p. 78, § 4; Civil Code 1910, § 2818; Ga. L. 1917, p. 62, § 1; Ga. L. 1919, p. 135, art. 19, §§ 1, 2; Ga. L. 1927, p. 195, § 8; Code 1933, §§ 13-2001, 13-2002, 109-103; Ga. L. 1943, p. 249, § 3; Ga. L. 1947, p. 476, § 1; Ga. L. 1947, p. 480, § 1; Ga. L. 1949, p. 378, § 1; Ga. L. 1959, p. 323, § 1; Ga. L. 1961, p. 196, § 1; Ga. L. 1966, p. 590, § 6; Ga. L. 1973, p. 811, § 1; Code 1933, § 41A-2201, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1986, p. 458, § 6; Ga. L. 1987, p. 1586, § 7; Ga. L. 1997, p. 485, § 15; Ga. L. 2000, p. 174, § 9; Ga. L. 2001, p. 970, § 4; Ga. L. 2020, p. 320, § 3/HB 781.
The 2020 amendment, effective January 1, 2021, inserted “that” in subsection (c) and substituted “relating to the residency requirements in the State of Georgia” for “with respect to special purpose banks organized pursuant to subsection (c) of Code Section 7-1-394” in subsection (d).
Code Commission notes.
Pursuant to Code Section 28-9-5, in 2000, “bank’s” was substituted for “banks” in subsection (c).
Law reviews.
For article discussing limitations on the establishment and transaction of international banking in Georgia, see 27 Mercer L. Rev. 629 (1976).
For article, “Business Associations,” see 53 Mercer L. Rev. 109 (2001).
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
§ 7-1-481. Adopting, Amending, and Repealing Bylaws
§ 7-1-483. Meetings of Board; Quorum; Committees; Acting Without Meeting
§ 7-1-484. Oath of Directors; Liability of Persons Who Have Not Subscribed to Such Oath
§ 7-1-485. Removal of Directors; Vacancies
§ 7-1-486. Honorary and Advisory Positions
§ 7-1-487. Audits and Financial Reports
§ 7-1-488. Officers, Agents, and Employees; Employee Share Plans
§ 7-1-490. Responsibility of Directors and Officers; Delegation of Investment Decisions
§ 7-1-491. Financing Involving Directors or Officers
§ 7-1-492. Prohibitions Applicable to Directors, Officers, and Employees