O.C.G.A. § 7-1-733
Rejection or revocation of registration as a domestic international banking facility
Redline — December 1, 2018 → current.View current text →
Current — February 1, 2022
As of December 1, 2018
(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: The facility no longer qualifies to register under this article;
(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: 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;
(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
(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.
(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.
(5) 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.)
(5) No facility whose registration has been rejected by the department may establish an international banking facility in this state.
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.