A sale, lease, exchange, or other disposition of all, or substantially all, the property and assets, with or without the good will, of a bank or trust company, in all cases other than those dealt with in Code Section 7-1-570, regarding secured transactions, may be made upon such terms and conditions which are otherwise legal and which shall be authorized in the following manner:
History. Code 1933, § 41A-2602, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2021, p. 323, § 20/HB 111.
The 2021 amendment, effective July 1, 2021, substituted “prescribed by Code Section 7-1-532” for “prescribed by subsection (c) of Code Section 7-1-552” at the end of paragraph (6).
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
Part 16 - Sale and Other Disposition of Assets
§ 7-1-570. Secured Transactions and Other Dispositions of Assets Not Requiring Shareholder Approval
§ 7-1-571. Sale, Lease, Exchange, or Other Disposition of Assets Requiring Shareholder Approval