§ 7-1-239.10. Definitions; Conduct of Savings Promotion Raffles; Application
As used in this Code section, the term: “Bank” means a national bank or a state chartered bank, regardless of which state issued the charter, that has federal deposit insurance. “Credit union” means a federally chartered credit union or a state chartered credit union, regardless of which state issued the charter, that has federal deposit […]
§ 7-1-234. Grounds for Disapproving Proposal
The department may disapprove any proposed acquisition if: The proposed acquisition of control would result in a monopoly or would be in furtherance of any combination or conspiracy to monopolize or attempt to monopolize the business of banking in any part of this state; The effect of the proposed acquisition of control in any section […]
§ 7-1-235. Part Inapplicable to Bank Holding Company Transactions
This part shall not apply to a transaction subject to Code Sections 7-1-605 through 7-1-608, relating to bank holding companies. History. Code 1933, § 41A-1006, enacted by Ga. L. 1980, p. 1076, § 1; Ga. L. 1984, p. 22, § 7.
§ 7-1-236. Report of Change in Control
Whenever a change occurs in the ownership of or right to vote the outstanding shares of any bank or trust company which will result in the control or a change in the control of the bank or trust company, the president or other officer of such bank or trust company shall, within ten days after […]
§ 7-1-203. Subrogation of Insurer of Deposits or Shares
Where the deposits or shares of a financial institution are insured by a federal public body or otherwise, the claims of depositors shall be subrogated in favor of said insurer to the extent that it pays or makes available for payment claims of such depositors against the financial institution, provided that the rights of such […]
§ 7-1-237. Reimbursement of Costs Incurred in Answering Subpoena, Garnishment, or Order; Subpoena to Be Answered Within Five Days
Any financial institution shall be reimbursed by the requesting party for costs which are reasonably necessary and which have been directly incurred in searching for, reproducing, or transporting books, papers, records, or other data of a customer required or requested to be produced pursuant to a lawful subpoena, summons, warrant, garnishment, attachment, request for the […]
§ 7-1-204. Liquidation of Excess Assets by Trustees
If any unliquidated assets remain in the department’s possession after the filing and confirmation of its final account, the payment in full of the claims of all depositors, creditors, and other claimants which have been approved by the court and the distribution to shareholders of any cash balance remaining thereafter, it shall call a meeting […]
§ 7-1-239. Definitions; Payment of Large Deposits of Deceased Intestate Depositors; Affidavit for Disbursement; Form for Affidavit
As used in this Code section, the term: “Affidavit of the provider” means the form provided for in subsection (e) of this Code section. “Financial institution” means any federally chartered financial institution or state chartered financial institution, including, but not limited to, those chartered by states other than the State of Georgia whose deposits are […]
§ 7-1-205. Destruction of Records
The department is authorized to destroy all records of the financial institution of which it was in possession as receiver and all records of such receivership at the expiration of six years from the date of the absolute confirmation of its final account, except where any provision of this chapter expressly provides a different method […]
§ 7-1-239.1. Payment of Checks or Instruments Payable to Deceased Intestate Persons; Affidavit Included With Application for Payment
Whenever any person dies intestate having possession of or a right to possession of a check or other instrument payable to such deceased person and the amount of the check or instrument does not exceed $15,000.00, the financial institution on which the check or instrument is drawn shall be authorized to accept and redeem the […]