Georgia Code
Part 14 - Merger and Consolidation of State Banks and Trust Companies
§ 7-1-531. Requirements for Merger, Share Exchange, or Consolidation Plan; Adoption of Plan; Modification of Plan

History. Ga. L. 1919, p. 135, art. 13, §§ 1, 2; Code 1933, §§ 13-1401, 13-1402; Ga. L. 1973, p. 278, § 1; Code 1933, § 41A-2402, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2007, p. 502, § 5/SB 70; Ga. L. 2018, p. 214, § 10/HB 780; Ga. L. 2021, p. 323, § 8/HB 111; Ga. L. 2022, p. 220, § 9/HB 891.
The 2018 amendment, effective May 3, 2018, in subparagraph (a)(2)(B), substituted “Unless the article or bylaws require a greater vote, the” for “The” at the beginning, substituted “a majority” for “two-thirds” near the middle, substituted “a majority” for “at least two-thirds” in the middle, and added the proviso at the end; and substituted “Whenever a meeting of shareholders is called for the purpose of taking action on a plan, the notice for such meeting” for “The notice” at the beginning of paragraph (a)(3). See Editor’s notes for applicability.
The 2021 amendment, effective July 1, 2021, redesignated former paragraph (a)(3) as present paragraph (a)(4) and added paragraph (a)(3).
The 2022 amendment, effective July 1, 2022, substituted “shareholders or members” for “shareholders” throughout this Code section.
Editor’s notes.
Ga. L. 2018, p. 214, § 26(b)/HB 780, not codified by the General Assembly, provides that: “It is not the intent of the General Assembly to affect the law applicable to litigation pending as of March 9, 2018.

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