Definitions
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Law
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Georgia Code
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Banking and Finance
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Financial Institutions
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Provisions Applicable to Department of Banking and Finance and Financial Institutions Generally
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Change in Control of Financial Institutions
- Definitions
As used in this part, the term:
- "Control" means the power directly or indirectly to direct the management or policies of a financial institution or to vote 25 percent or more of any class of voting securities of a financial institution.
- "Person" means an individual or a corporation, partnership, trust, association, joint venture, pool, syndicate, sole proprietorship, unincorporated organization, or any other form of entity not specifically listed in this paragraph.
(Code 1933, § 41A-1005, enacted by Ga. L. 1980, p. 1076, § 1.)
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