History. Code 1981, § 7-1-621 , enacted by Ga. L. 1984, p. 1467, § 1; Ga. L. 1994, p. 215, § 2; Code 1981, § 7-1-622 , as redesignated by Ga. L. 1996, p. 279, § 1; Ga. L. 1997, p. 485, § 22; Ga. L. 1999, p. 674, § 19; Ga. L. 2002, p. 670, § 2; Ga. L. 2022, p. 220, § 18/HB 891.
The 2022 amendment, effective July 1, 2022, deleted former subparagraph (b)(2)(A), which read: “Immediately before the consummation of the acquisition for which an application is filed, the applicant (including any insured depository institution affiliate of the applicant) controls any insured depository institution or any branch of an insured depository institution in this state; and”, redesignated the existing provisions of the introductory language of paragraph (b)(2) and subparagraph (b)(2)(B) as paragraph (b)(2), substituted “if the” for “if: The” in paragraph (b)(2); and deleted the former last sentence in subsection (c), which read: “If the commissioner fails to rule on the application within the requisite period, the proposed transaction shall stand approved.”.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1996, “article” was substituted for “chapter” in subsection (d).
Editor’s notes.
Ga. L. 1996, p. 279, § 1, effective April 1, 1996, redesignated former Code Section 7-1-622 as present Code Section 7-1-623.
Structure Georgia Code