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Call Now: 904-383-7448Any corporation which has converted itself prior to April 1, 1975, into a savings and loan association under the Home Owners' Loan Act and has received a charter from the Federal Home Loan Bank Board shall be recognized as a savings and loan association, and its federal charter shall be given full credence by the courts of this state to the same extent as if such conversion had taken place under this article.
(Ga. L. 1937-38, Ex. Sess., p. 307, § 12; Code 1933, § 41A-3514, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 2016, p. 390, § 7-18/HB 811.)
The 2016 amendment, effective July 1, 2016, deleted "building and loan association or" following "Any" at the beginning and deleted "of 1933" following "Home Owners' Loan Act" in the middle of this Code section.
- The Home Owners' Loan Act of 1933, referred to in this Code section, is codified as 12 U.S.C. § 1461 et seq.
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