TITLE 7 BANKING AND FINANCE

Section 1. Financial Institutions, 7-1-1 through 7-1-1021.

ARTICLE 2 BANKS AND TRUST COMPANIES

7-1-591. Establishment of representative office by bank or bank holding company domiciled in state.

A bank domiciled in this state and operating under the laws of this state or a subsidiary or agent of such bank may establish a representative office anywhere in the state upon registering with the department. A bank holding company domiciled in this state and operating under the laws of this state or a nonbank subsidiary or agent of such bank holding company may establish a representative office anywhere in this state upon registering with the department.

(Code 1981, §7-1-591, enacted by Ga. L. 1995, p. 673, § 23; Ga. L. 1999, p. 674, § 16; Ga. L. 2016, p. 390, § 2-8/HB 811.)

The 2016 amendment, effective July 1, 2016, in this Code section, substituted "the laws of this state" for "its laws or the laws of the United States" in the first and second sentences and added "upon registering with the department" at the end of the first and second sentences.