Georgia Code
Part 3 - Operation and Regulation
§ 7-1-669. Central Credit Union

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

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