TITLE 7 BANKING AND FINANCE

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

ARTICLE 5A DOMESTIC INTERNATIONAL BANKING FACILITIES

7-1-733. Rejection or revocation of registration as a domestic international banking facility.

1. The department may revoke any registration or reject any application to register or renew a registration for a domestic international banking facility upon a finding that:
   1. The facility no longer qualifies to register under this article;
   2. The scope of the business conducted by the facility exceeds that authorized by this article;
   3. The chartering authority of the parent bank of the facility requests such action in writing; or
   4. The department determines, on its own initiative or otherwise, that representations made by the registrant, including, but not limited to, representations under paragraph (6) of subsection (b) of Code Section 7-1-732, are inaccurate.
2. No facility whose registration has been rejected by the department may establish an international banking facility in this state.

(Ga. L. 1981, p. 770, § 4.)