As used in this part, the term:
History. Code 1981, § 7-1-590 , enacted by Ga. L. 1995, p. 673, § 23; Ga. L. 1997, p. 485, § 19; Ga. L. 1999, p. 674, § 16; Ga. L. 2018, p. 214, § 11/HB 780; Ga. L. 2022, p. 220, § 11/HB 891.
The 2018 amendment, effective May 3, 2018, inserted “business activities” in the first sentence of paragraph (4). See Editor’s notes for applicability.
The 2022 amendment, effective July 1, 2022, added paragraph (2), redesignated former paragraphs (2) through (5) as paragraphs (3) through (6), inserted “closing of loans, the” in paragraph (4), added “and includes, but is not limited to, deposit production offices, loan production offices, and trust production offices” at the end of the first sentence in paragraph (5), and in paragraph (6), deleted the former second sentence, which read: “The trust institution desiring to establish such an office in this state must apply to the department on forms provided by the department, must be approved by the commissioner to engage in sales activities in this state, and must register and pay any fees required for a representative office under Code Section 7-1-593.”, deleted “outside of this state” from the end of the present second sentence, and deleted the former last sentence, which read: “The department shall be permitted to examine such trust production offices to ascertain whether they are limiting their activities as prescribed.”
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1997, “means” was substituted for “shall mean” in the first sentence in paragraph (5).
Pursuant to Code Section 28-9-5, in 2022, a comma was added following “loan proceeds” in the first sentence of paragraph (4).
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.