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O.C.G.A. § 48-6-90

Definitions

Applied in 2 court decisions — leading case American Bank and Trust Company v. Dallas County (1983)

Most recently applied in First National Bank of Atlanta v. Bartow County Board of Tax Assessors (March 1985)

Code 1981, § 48-6-90, enacted by Ga

As used in this article, the term:

assets of insolvent bank or trust company,

“Business situs” for purposes of property taxation of intangibles in state other than domicile of owner, 143 A.L.R. 361.

(1) “Bank” means any financial institution chartered under the laws of any state or under the laws of the United States which is authorized to receive deposits in this state and which has a corporate structure authorizing the issuance of capital stock.

(2) “Depository financial institution” means a bank or a savings

and loan association.

(3) “Savings and loan association” means any financial institution, other than a credit union, chartered under the laws of any state or under the laws of the United States which is authorized to receive deposits in this state and which has a mutual corporate form.

Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.