If all the taxes, fees, and charges required by law shall have been paid and if the name of the resulting bank or trust company continues to be reserved or is available on the records of the Secretary of State, upon the receipt of the written approval of the department, the Secretary of State shall immediately issue to the resulting bank or trust company a certificate of conversion and shall retain a copy of such certificate, the articles, and the approval from the department.
History. Ga. L. 1953, Jan.-Feb. Sess., p. 73, § 6; Ga. L. 1972, p. 727, § 6; Code 1933, § 41A-2505, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2021, p. 323, § 16/HB 111.
The 2021 amendment, effective July 1, 2021, deleted “, consolidation, or merger” following “certificate of conversion” near the end.
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
Part 15 - Conversions, Mergers, and Consolidations Involving National Banks
§ 7-1-550. Authority for National Bank or Federal Savings Bank Conversions; Requirements
§ 7-1-551. National Bank to State Bank or Trust Company Conversions — Articles of Conversion
§ 7-1-552. National Bank to State Bank or Trust Company Conversions — Filings With Department
§ 7-1-556. State Bank or Trust Company to National Bank or Federal Savings Institution Conversions