O.C.G.A.

O.C.G.A. § 7-1-557 (2019)

7-1-557 . Merger, consolidation, or share exchange of nonbank corporations into national banks.

✓ 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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A national bank located in this state may merge or consolidate with, or enter into a share exchange with, a corporation other than a bank or trust company, provided that: Such merger, share exchange, or consolidation is permitted by the laws of the United States and such laws are complied with; The laws governing the merger, share exchange, or consolidation of such corporation are complied with; The resulting institution of the merger or consolidation, or the acquired bank in a share exchange, is a national bank; The resulting institution of the merger or consolidation, or the acquired bank in a share exchange, holds only assets and liabilities and engages only in activities which may be held or engaged in by a national bank located in this state; and The merger, share exchange, or consolidation is not otherwise unlawful.

History

(Code 1933, § 41A-2508, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2007, p. 502, § 12/SB 70.)