Georgia Code
Part 3 - Operation and Regulation
§ 7-1-655. Boards of Directors; Credit and Audit Committees; Officers; Oaths of Officials; Removal From Office; Suspension of Member; Filling of Vacancies; Notification to Department of Change in President or Chief Executive Officer

History. Ga. L. 1925, p. 165, § 12; Code 1933, § 25-112; Ga. L. 1962, p. 74, § 1; Code 1933, § 41A-3106, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1976, p. 1681, § 3; Ga. L. 1981, p. 1244, § 7; Ga. L. 1989, p. 1211, § 13; Ga. L. 2011, p. 518, § 4/HB 239; Ga. L. 2015, p. 344, § 21/HB 184; Ga. L. 2016, p. 390, § 3-3/HB 811; Ga. L. 2018, p. 214, § 14/HB 780; Ga. L. 2019, p. 828, § 23/HB 185; Ga. L. 2020, p. 493, § 7/SB 429; Ga. L. 2022, p. 220, § 26/HB 891.
The 2018 amendment, effective May 3, 2018, added the last sentence of subsection (f). See Editor’s notes for applicability.
The 2019 amendment, effective July 1, 2019, substituted “an audit committee” for “a supervisory committee” in the middle of the first sentence of subsection (c); and substituted “audit” for “supervisory” near the beginning of the second sentence of subsection (c) and in the first and second sentences of subsection (d).
The 2020 amendment, effective July 29, 2020, part of an Act to revise, modernize, and correct the Code, substituted “chairperson” for “chairman” in the first sentence of subsection (d).
The 2022 amendment, effective July 1, 2022, deleted “president,” following “chairperson,” in the first sentence in subsection (c).
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.

Structure Georgia Code