Georgia § 7-1-1104 Written reports; requirements; penalty for failure to comply

Georgia Statutes

§ 7-1-1104 — Written reports; requirements; penalty for failure to comply

(a)A foreign bank operating in this state through a Georgia state branch, Georgia state agency, or Georgia state representative office shall make written reports to the department that:

(1)Are in English;

(2)Are submitted at the times and in the form specified by the department;

(3)Are under oath of one of the foreign bank's officers, managers, or agents located at a branch, agency, or representative office in this state;

(4)Show the amount of the foreign bank's assets and liabilities, expressed in United States currency;

(5)With respect to a Georgia state branch or Georgia state agency, show the amount of the branch or agency's assets and liabilities, expressed in United States currency; and (6) Contain other information that the department requires.

(b)A license or registration of

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(a) A foreign bank operating in this state through a Georgia state branch, Georgia state agency, or Georgia state representative office shall make written reports to the department that: (1) Are in English; (2) Are submitted at the times and in the form specified by the department; (3) Are under oath of one of the foreign bank's officers, managers, or agents located at a branch, agency, or representative office in this state; (4) Show the amount of the foreign bank's assets and liabilities, expressed in United States currency; (5) With respect to a Georgia state branch or Georgia state agency, show the amount of the branch or agency's assets and liabilities, expressed in United States currency; and (6) Contain other information that the department requires. (b) A license or registration of a foreign bank under this article may be revoked, or the foreign bank may be subject to an order to cease and desist under Code Section 7-1-1108 , if the foreign bank fails to make a report required under subsection (a) of this Code section or makes a material misrepresentation in such report.

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