National Bank to State Bank or Trust Company Conversions, Mergers, and Consolidations - Filings With Department; Publication of Notice

  1. Law
  2. Georgia Code
  3. Banking and Finance
  4. Financial Institutions
  5. Banks and Trust Companies
  6. Conversions, Mergers, and Consolidations Involving National Banks
  7. National Bank to State Bank or Trust Company Conversions, Mergers, and Consolidations - Filings With Department; Publication of Notice

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  1. In the case of a merger or consolidation, the parties shall make the filings and publication required by Code Sections 7-1-532 and 7-1-533.
  2. In the case of a conversion, the national bank shall also file with the department:
    1. Information desired by the department in order to evaluate the proposed conversion, in the form specified by the department;
    2. Applicable fees established by regulation of the department to defray the expenses of its investigation under Code Section 7-1-553; and
    3. A certificate of the Secretary of State showing that the proposed name of the resulting bank or trust company has been reserved under Code Section 7-1-131.
  3. In the case of a conversion, the national bank shall publish, in the manner prescribed by Code Section 7-1-532, a notice of the proposed conversion, setting forth its name and the name it proposes to use as a bank or trust company and designating the place where a copy of the plan of conversion may be examined. The notice shall be published in the county of the main office of the national bank.

(Ga. L. 1953, Jan.-Feb. Sess., p. 73, § 9; Code 1933, § 41A-2503, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1995, p. 673, § 22.)


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