No savings and loan association or similar corporation existing under the laws of this state or of the United States shall accept deposits in this state except on the premises of an established principal office or branch office operated pursuant to this article. For the purposes of this Code section, the term “branch office” shall be construed to mean any office of such association or corporation which is intended to be permanently established in a fixed location and to be operated at such location on substantially a full-time basis.
History. Ga. L. 1973, p. 653, § 1; Code 1933, § 41A-3508, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2016, p. 390, § 7-4/HB 811.
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 7 - Building and Loan Associations and Savings and Loan Associations
§ 7-1-777. Principal and Branch Offices
§ 7-1-780. Lien on Deposits to Secure Loans
§ 7-1-781. Conversion Into Savings and Loan Association
§ 7-1-783. Previous Conversions Into Savings and Loan Associations Ratified
§ 7-1-787. Exemption From Securities Regulations
§ 7-1-790. Deposits of Fiduciaries
§ 7-1-791. Payment on Death of Depositor
§ 7-1-792. Deposits Applied to Funeral Expenses
§ 7-1-793. Investment of Funds in Insured Deposits
§ 7-1-794. Deposits as Security or in Lieu of Bond
§ 7-1-795. Savings Account Books and Certificates
§ 7-1-796. Insanity, Incompetency, Bankruptcy, or Death of Depositor