Georgia Code
Part 14 - Merger and Consolidation of State Banks and Trust Companies
§ 7-1-530. Authority to Merge, Consolidate, or Exchange Shares; Requirements

History. Ga. L. 1919, p. 135, art. 13, § 1; Code 1933, § 13-1401; Ga. L. 1973, p. 278, § 1; Code 1933, § 41A-2401, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1996, p. 848, § 8; Ga. L. 1997, p. 485, § 17; Ga. L. 2000, p. 174, § 11; Ga. L. 2001, p. 970, § 5; Ga. L. 2003, p. 843, § 6; Ga. L. 2007, p. 502, § 4/SB 70; Ga. L. 2016, p. 390, § 2-7/HB 811; Ga. L. 2020, p. 320, § 4/HB 781; Ga. L. 2021, p. 323, § 7/HB 111; Ga. L. 2022, p. 220, § 8/HB 891.
The 2020 amendment, effective January 1, 2021, in the first sentence of subsection (a), substituted “a trust company” for “an institution exercising trust powers alone” and “with a bank that is authorized to exercise trust powers so long as the resulting institution is a bank” for “only with another such trust company”.
The 2021 amendment, effective July 1, 2021, deleted “involving one or more banks or trust companies” following “across state lines” in subsection (d); and rewrote subsection (f), which read: “As used in this part, the term ‘share exchange’ means a plan of exchange of all of the outstanding shares of one or more classes or series of shares in accordance with this part.”
The 2022 amendment, effective July 1, 2022, inserted “or limited liability company” in the introductory language of subsection (b) and in subsection (g).
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1996, “article” was substituted for “chapter” in subsection (d).
Law reviews.
For article, “Business Associations,” see 53 Mercer L. Rev. 109 (2001).

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