For the purposes of this paragraph, the definition of capital shall be consistent with federal law and regulations. The department may utilize other definitions found in the National Credit Union Administration rules and regulations in interpreting this subsection;
History. Code 1933, § 41A-3120, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2002, p. 1220, § 9; Ga. L. 2005, p. 826, § 25/SB 82; Ga. L. 2010, p. 878, § 7/HB 1387; Ga. L. 2016, p. 390, § 3-4/HB 811.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 2005, “no” was deleted preceding “more than” in subparagraphs (e)(1)(A) and (e)(1)(B).
U.S. Code.
The Federal Credit Union Act, referred to in subsections (a) and (b) of this Code section, is codified as 12 U.S.C. § 1751 et seq.
Structure Georgia Code
Chapter 1 - Financial Institutions
Part 3 - Operation and Regulation
§ 7-1-652. Joint, Minor, and Trust Shares and Deposits; Preferred Capital Base Shares
§ 7-1-654. Capital; Right to Offset Loans, Dues, and Fines
§ 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
§ 7-1-666. Deposit Insurance Requirements; Public Notices When Deposits Not Properly Insured
§ 7-1-668. Conversion of State and Federal Credit Unions