Georgia Code
Part 3 - Operation and Regulation
§ 7-1-657. Duties of Audit Committee; Inspections; Comprehensive Annual Audits; Use of Independent Accountants

History. Ga. L. 1925, p. 165, § 15; Code 1933, § 25-114; Code 1933, § 41A-3108, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1981, p. 1244, § 9; Ga. L. 2002, p. 1220, § 7; Ga. L. 2015, p. 344, § 23/HB 184; Ga. L. 2017, p. 193, § 19/HB 143; Ga. L. 2019, p. 828, § 25/HB 185.
The 2019 amendment, effective July 1, 2019, substituted “audit” for “supervisory” near the beginning of the first sentence of subsections (a) and (b).

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Structure Georgia Code

Georgia Code

Title 7 - Banking and Finance

Chapter 1 - Financial Institutions

Article 3 - Credit Unions

Part 3 - Operation and Regulation

§ 7-1-650. Powers

§ 7-1-651. Membership; Shares

§ 7-1-651.1. In-Person Annual Meetings; Requirements for Remote Options; Impact of Emergency Declaration

§ 7-1-652. Joint, Minor, and Trust Shares and Deposits; Preferred Capital Base Shares

§ 7-1-653. Expulsions and Withdrawals; Disposition of Deposits, Interest, Shares, or Dividends; Reinstatement

§ 7-1-654. Capital; Right to Offset Loans, Dues, and Fines

§ 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

§ 7-1-656. Duties of Directors; Meetings; Prohibited Activities; Eligibility to Vote; Applicability of Code Section 7-1-490; Appointment of Honorary Director or Director Emeritus

§ 7-1-657. Duties of Audit Committee; Inspections; Comprehensive Annual Audits; Use of Independent Accountants

§ 7-1-658. Loans

§ 7-1-659. Entrance Fees; Reserves; Exclusion of State and Federal Credit Union Reserves From Tax Calculations

§ 7-1-660. Dividends; Interest

§ 7-1-661. Fiscal Year; Special Meetings of Members; Voting and Proxies

§ 7-1-662. Taxes to Which Subject

§ 7-1-663. Rules and Regulations of Department

§ 7-1-664. Credit Union Equipment, Operations, and Locations

§ 7-1-665. Designation of Main Office; Operation of Branch Offices; Factors in Establishing Branches; Approval Process; Merger of Credit Unions

§ 7-1-666. Deposit Insurance Requirements; Public Notices When Deposits Not Properly Insured

§ 7-1-667. Mergers

§ 7-1-668. Conversion of State and Federal Credit Unions

§ 7-1-669. Central Credit Union

§ 7-1-671. “Federal Power” Defined; Construction With Federal Law; Notifications; Objections; Authority; Construction