One or more natural persons 18 years of age or over may act as incorporators of a bank or trust company. History. Ga. L. 1898, p. 78, § 1; Civil Code 1910, § 2815; Ga. L. 1919, p. 135, art. 8, § 1; Ga. L. 1920, p. 102, § 1; Ga. L. 1927, p. 195, […]
Subject to the requirements and restrictions of this chapter including, but not limited to, deposit insurance requirements where applicable, a bank or trust company may organize as a limited liability company pursuant to Chapter 11 of Title 14. The department shall have the authority to promulgate rules and regulations in accordance with Code Section 7-1-3 […]
A bank or trust company shall not pay any fee, compensation, or commission for promotion in connection with its organization or apply any money received on account of shares or subscriptions, selling shares, or other services in connection with its organization, except legal fees, commissions or fees to disinterested third parties for sale of bank […]
The articles of incorporation shall be signed by each of the incorporators and shall set forth in the English language: The name of the bank or trust company; The street address and county where the main office will be located; For institutions chartered after July 1, 1998, the name of the initial registered agent; The […]
The incorporators shall also file with the department: Information desired by the department in order to evaluate the proposed institution which shall be made available in the form specified by the department; The affidavit required by Code Section 7-1-391; A certificate of the Secretary of State showing that the proposed name of the bank or […]
Upon receipt of the articles and the filings and fees from the incorporators as required by Code Section 7-1-393, the department shall conduct such investigation as it may deem necessary to ascertain whether it should approve the proposed bank or trust company. The department shall approve the bank or trust company if and only if […]
If the Secretary of State shall receive, with respect to the proposed bank or trust company: The written approval of the department with a copy of the articles of incorporation attached; An affidavit executed by the duly authorized agent or publisher of the newspaper in which publication of the articles or a summary statement relating […]
As of the issuance of the certificate of incorporation by the Secretary of State, the corporate existence of the bank or trust company shall begin and those persons who subscribed for shares prior to filing of the articles, or their assignees, shall be shareholders in the bank or trust company; provided, nevertheless, that the department […]
After the issuance of the certificate of incorporation by the Secretary of State, a first meeting of the shareholders may be held within this state at the call of the shareholders who were the incorporators, or a majority of them, for the purpose of adopting bylaws or for such other purposes as shall be stated […]
Incorporators and other persons who organize a bank or trust company which transacts business before its capital stock and paid-in capital have been paid in shall be jointly and severally liable to depositors and other creditors to make good the amounts not paid in by subscribers or otherwise deficient. Such liability shall be deemed as […]
