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O.C.G.A. § 7-1-592 — Establishment of representative office by bank or holding company domiciled in state or outside of state; conformance with requirements of primary regulator | Georgia Code
O.C.G.A. § 7-1-592 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 7 BANKING AND FINANCE

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

ARTICLE 2 BANKS AND TRUST COMPANIES

7-1-592. Establishment of representative office by bank or holding company domiciled in state or outside of state; conformance with requirements of primary regulator.

A bank or bank holding company domiciled in this state and operating under the laws of the United States or domiciled outside this state and operating under the laws of such other state or territory or of the United States, or its subsidiary or agent, may establish representative offices anywhere in this state, provided that such bank or bank holding company conforms to the requirements of its primary regulator.

(Code 1981, §7-1-592, enacted by Ga. L. 1995, p. 673, § 23; Ga. L. 1999, p. 674, § 16; Ga. L. 2016, p. 390, § 2-9/HB 811.)

The 2016 amendment, effective July 1, 2016, in this Code section, inserted "in this state and operating under the laws of the United States or domiciled" near the beginning and added the proviso at the end.

Cross references.

- Requirement of maintenance of registered office by financial institutions in state, § 7-1-132.

RESEARCH REFERENCES

ALR.

- In personam jurisdiction under long-arm statute of nonresident banking institution, 9 A.L.R.4th 661.

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