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O.C.G.A. § 7-1-783 — Previous conversions into savings and loan associations ratified | Georgia Code

O.C.G.A. § 7-1-783 (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 7 BUILDING AND LOAN ASSOCIATIONS AND SAVINGS AND LOAN ASSOCIATIONS

7-1-783. Previous conversions into savings and loan associations ratified.

Any 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.

U.S. Code.

- 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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This Georgia Code resource is curated by Graham W. Syfert, Esq., a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.