§ 7-1-730. Short Title
This article shall be known as the “Domestic International Banking Facility Act.” History. Ga. L. 1981, p. 770, § 1.
§ 7-1-731. “Domestic International Banking Facility” Defined
As used in this article, the term “domestic international banking facility” means the location within this state of any banking office, other than an “international bank agency,” as defined in Code Section 7-1-710, which derives its funds (1) from sources outside of the United States, (2) from another domestic international banking facility, or (3) from […]
§ 7-1-732. Eligibility to Operate Domestic International Banks; Registration Required; Records; Exemption From Taxes and License Fees
Any bank, whether domiciled within this state or elsewhere and having total capital funds of $25 million or more, as reported to its chartering authority as of December 31 of each year, may establish and operate a domestic international banking facility in this state upon compliance with this article. Any bank having total capital funds […]
§ 7-1-733. Rejection or Revocation of Registration as a Domestic International Banking Facility
The department may revoke any registration or reject any application to register or renew a registration for a domestic international banking facility upon a finding that: The facility no longer qualifies to register under this article; The scope of the business conducted by the facility exceeds that authorized by this article; The chartering authority of […]
§ 7-1-734. Examination and Supervision by the Department; Agreements With Other Bank Regulatory Authorities
The department may examine the operations of any domestic international banking facility for the purpose of determining that the scope of its activities does not exceed that allowed pursuant to this article and that the facility is otherwise operating in compliance with the applicable laws of this state. The department may by regulation establish minimum […]