Conditions Under Which Out-of-State Bank Permitted to Establish and Maintain Branches Through In-State Acquisition; Conditions Under Which Georgia Banks Permitted to Establish and Maintain Branches in Another State Through Acquisition

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  2. Georgia Code
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  6. Interstate Banking and Branching by Merger
  7. Conditions Under Which Out-of-State Bank Permitted to Establish and Maintain Branches Through In-State Acquisition; Conditions Under Which Georgia Banks Permitted to Establish and Maintain Branches in Another State Through Acquisition

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  1. An out-of-state bank that does not have a branch in Georgia and that meets the requirements of this article may establish and maintain a branch in this state through the acquisition of a branch.
  2. A Georgia state bank may establish and maintain a branch in another state through the acquisition of a branch in compliance with the provisions of this article, including, but not limited to, obtaining approval from the department prior to acquiring the branch.

(Code 1981, §7-1-628.9, enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 2016, p. 390, § 2-26/HB 811.)


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