Georgia Code
Part 14 - Merger and Consolidation of State Banks and Trust Companies
§ 7-1-535. Federal Approval or Disapproval; Issuance of Certificate of Merger, Share Exchange, or Consolidation

History. Ga. L. 1922, p. 63, § 1; Code 1933, § 13-1403; Ga. L. 1972, p. 727, § 7; Code 1933, § 41A-2406, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1978, p. 1717, § 7; Ga. L. 2007, p. 502, § 9/SB 70; Ga. L. 2021, p. 323, § 11/HB 111; Ga. L. 2022, p. 220, § 10/HB 891.
The 2021 amendment, effective July 1, 2021, rewrote subsection (a), which read: “If the laws of the United States require the approval of the merger, share exchange, or consolidation by any federal agency, the department may, at its option, after its approval, retain its notice to the Secretary of State until it receives notice of the decision of such agency. If such agency shall refuse to give its approval, the department may, at its option, notify the parties to the plan that the department’s approval has been rescinded for that reason. If such agency gives its approval, the department shall deliver its written approval to the Secretary of State for issuance of a certificate of merger, share exchange, or consolidation by the Secretary of State and shall notify the parties to the plan.”
The 2022 amendment, effective July 1, 2022, inserted “or limited liability company” near the middle of subsection (b).

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