§ 7-1-1. Short Title

This chapter shall be known and may be cited as the “Financial Institutions Code of Georgia” (hereinafter called “this chapter”). History. Code 1933, § 41A-101, enacted by Ga. L. 1974, p. 705, § 1.

§ 7-1-10. Rules of Construction

The rules of statutory construction contained in Chapter 3 of Title 1 shall apply to this title. Unless otherwise specifically indicated and to the full extent permitted by the Constitution of Georgia, any reference in this title to an existing statute or regulation shall mean to such statute or regulation as has been or may […]

§ 7-1-2. Legislative Findings

The General Assembly finds and declares that the sound, efficient, and responsive operation of financial institutions is essential to the livelihood of the people of this state and to the stability and growth of the economy of this state and region and vitally affects the public interest. History. Code 1933, § 41A-103, enacted by Ga. […]

§ 7-1-3. Objectives of Chapter; Standards for Construction and Regulation

The underlying objectives of this chapter are to provide for: Safe and sound operation of financial institutions; Proper conservation of the assets of financial institutions; Public confidence in financial institutions; Protection for the interests of the depositors, creditors, and shareholders of financial institutions; Service by financial institutions responsive to the needs and convenience of depositors, […]

§ 7-1-4. Definitions

Subject to additional definitions contained in the subsequent provisions of this chapter, as used in this chapter, the term: “Affiliate” means any corporation, business trust, association, or other similar organization: Of which a financial institution, directly or indirectly, owns or controls either a majority of the voting shares or more than 50 percent of the […]

§ 7-1-5. Unauthorized Activity as a Financial Institution

Whenever it shall appear to the department that any person or corporation is conducting business as a financial institution without authority pursuant to this chapter, the department may determine, for purposes of Parts 4, 7, 8, and 9 of this article, that such person or corporation is a financial institution as defined in paragraph (21) […]

§ 7-1-6. Notices; Waivers of Notice

Except as otherwise expressly provided: Any notice required to be given under this chapter may be delivered in person or by first-class mail or statutory overnight delivery to the last known address of the person or corporation or to the registered office of the corporation. If the notice is sent by first-class mail or statutory […]

§ 7-1-7. Publication of Notices or Advertisements

Except as otherwise expressly provided, any notice or advertisement required by this chapter to be published in a newspaper shall be published once a week for four weeks in the newspaper which is, on the date of the first such publication, the official organ (as determined pursuant to Code Section 9-13-142) of the county which […]

§ 7-1-8. Applicability of Common Law

Unless expressly or impliedly displaced by this chapter, general principles of common law shall apply to financial institutions. History. Code 1933, § 41A-109, enacted by Ga. L. 1974, p. 705, § 1.

§ 7-1-9. Reservation of Power Over Financial Institutions

The General Assembly shall at all times have power to prescribe such regulations, provisions, and limitations as it may deem advisable, which regulations, provisions, and limitations shall be binding upon financial institutions that are subject to this chapter. The General Assembly shall have the power to amend, repeal, or modify this chapter at pleasure. History. […]