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2018 Georgia Code 7-1-636 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)

O.C.G.A. 7-1-636 Case Law from Google Scholar Amendments to OCGA 7-1-636

TITLE 7 BANKING AND FINANCE

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

ARTICLE 3 CREDIT UNIONS

7-1-636. Effect on articles and duration of existing credit unions.

Nothing in this chapter shall be construed to impair the validity of the articles of a credit union existing on April 1, 1975.
Each credit union existing on April 1, 1975, shall have perpetual duration unless its articles are amended under this chapter to provide for a limited period of duration.

(Code 1933, § 41A-3007, enacted by Ga. L. 1974, p. 705, § 1.)

OPINIONS OF THE ATTORNEY GENERAL

Credit unions in existence prior to April 1, 1975.

- Current state law governing credit unions which were in existence and validly operating prior to April 1, 1975, allows those credit unions to maintain the fields of membership that they possessed prior to April 1, 1975. 2004 Op. Att'y Gen. No. 2004-6.

PART 2 C REDIT UNION CONSERVATORS

Effective date.

- This part became effective July 1, 2015.

Editor's notes.

- Ga. L. 2015, p. 344, § 19/HB 184, redesignated former Part 2 of Article 3 of Chapter 1, which consisted of Code Sections 7-1-650 through 7-1-670, as Part 3 of Article 3 of Chapter 1.

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