O.C.G.A.

O.C.G.A. § 7-1-1134 (2019)

Denial or revocation of licensure

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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The department may deny an application for registration or revoke the registration of a representative office if the department by examination or other credible evidence finds that the foreign bank:

(1) Has refused to permit the department to examine the books, papers, accounts, records, or affairs of a Georgia state representative office in accordance with Code Sections 7-1-1102 and 7-1-1103;

(2) Has violated this article, another law or rule applicable to the foreign bank or a Georgia state representative office, or a final and enforceable order of the department;

(3) Has misrepresented or concealed a material fact in the original or subsequent registration applications;

(4) Has violated a condition of an agreement between the foreign bank and the department or other functional regulatory agency;

(5) Has had its authority or existence terminated or canceled in its jurisdiction of incorporation; or

(6) Conducts business in an unsafe and unsound manner.

History

Code 1981, § 7-1-1134, enacted by Ga. L.

2023, p. 651, § 48/HB 55, effective July 1, 2023.