This part governs the acquisition of banks having banking offices in Georgia by bank holding companies controlling bank subsidiaries having banking offices outside this state. It further governs the acquisition of banks having banking offices outside this state by bank holding companies controlling bank subsidiaries having banking offices in Georgia. It sets forth application, notice, and other related requirements. Acquisitions of banks having banking offices only in Georgia by bank holding companies controlling only bank subsidiaries having banking offices solely in Georgia are governed by the provisions of Code Sections 7-1-605 through 7-1-608.
O.C.G.A. § 7-1-620
Purpose of this part
Applied in 1 court decision — leading case Synovus Financial Corporation v. Board of Governors of the Federal Reserve System (1991)
Most recently applied in Synovus Financial Corporation v. Board of Governors of the Federal Reserve System (December 1991)
former Code Section 7-1-620 as present Code 1981, § 7-1-620, enacted by Ga
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.