As used in this part, the term:
“Acquire” shall also include a transaction where a bank subsidiary of a bank holding company merges or consolidates with, or acquires all or substantially all of the assets of, another bank.
History. Code 1981, § 7-1-620 , enacted by Ga. L. 1984, p. 1467, § 1; Ga. L. 1987, p. 251, § 1; Ga. L. 1988, p. 13, § 7; Ga. L. 1994, p. 215, § 1; Code 1981, § 7-1-621 , as redesignated by Ga. L. 1996, p. 279, § 1; Ga. L. 1997, p. 143, § 7; Ga. L. 1999, p. 674, § 18; Ga. L. 2000, p. 174, § 15; Ga. L. 2015, p. 5, § 7/HB 90; Ga. L. 2016, p. 390, § 2-18/HB 811; Ga. L. 2017, p. 193, § 14/HB 143.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1996, “banking and finance” was substituted for “the Department of Banking and Finance” in paragraph (6) and “Federal Deposit Insurance” was substituted for “FDI” in paragraph (15).
Editor’s notes.
Ga. L. 1996, p. 279, § 1, effective April 1, 1996, redesignated former Code Section 7-1-621 as present Code Section 7-1-622.
Law reviews.
For article, “Bank Directors: Understanding Their Role, Responsibility and Liability,” see 40 Mercer L. Rev. 587 (1989).
Structure Georgia Code