Georgia Code
Part 14 - Merger and Consolidation of State Banks and Trust Companies
§ 7-1-534. Approval or Disapproval by Department; Resulting Bank or Trust Company Not Chartered by Department

(A) Notify the department of the proposed merger or consolidation;
(B) Provide such evidence of the adoption of the plan of merger or consolidation as the department may request;
(C) Notify the department of any abandonment or disapproval of the plan of merger or consolidation; and
History. Code 1933, § 41A-2405, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1989, p. 1257, § 14; Ga. L. 1995, p. 673, § 21; Ga. L. 1996, p. 6, § 7; Ga. L. 2007, p. 502, § 8/SB 70; Ga. L. 2021, p. 323, § 10/HB 111.
The 2021 amendment, effective July 1, 2021, substituted “The proposed business plan; and” for “Their prospects;” in subparagraph (a)(4)(B); substituted a period for “; and” at the end of subparagraph (a)(4)(C); deleted former subparagraph (a)(4)(D), which read: “The convenience and needs of the area primarily to be served by the resulting institution, or by the acquiring corporation and the acquired bank or trust company in a share exchange.”; and added subsection (c).
Cross references.
Requirement that department approve change in control of financial institutions generally, § 7-1-231 .

Structure Georgia Code