Georgia § 7-1-1126 Revocation

Georgia Statutes

§ 7-1-1126 — Revocation

Georgia § 7-1-1126

Title7

This text of Georgia § 7-1-1126 (Revocation) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 7-1-1126 (2026).

Text

The department may revoke the license of a Georgia state branch or Georgia state agency if the department by examination or other credible evidence finds that the foreign bank:

(1)Does not currently meet the criteria established by this article for the original issuance of a license;

(2)Has refused to permit the department to examine its books, papers, accounts, records, or affairs in accordance with Code Sections 7-1-1102 and 7-1-1103 ;

(3)Has failed to make a report required under this article or made a material false or misleading statement in such report;

(4)Has violated this article, another law or rule applicable to a foreign bank or a Georgia state branch or Georgia state agency, or a final and enforceable order of the department;

(5)Has misrepresented or concealed a material f

Free access — add to your briefcase to read the full text and ask questions with AI

The department may revoke the license of a Georgia state branch or Georgia state agency if the department by examination or other credible evidence finds that the foreign bank: (1) Does not currently meet the criteria established by this article for the original issuance of a license; (2) Has refused to permit the department to examine its books, papers, accounts, records, or affairs in accordance with Code Sections 7-1-1102 and 7-1-1103 ; (3) Has failed to make a report required under this article or made a material false or misleading statement in such report; (4) Has violated this article, another law or rule applicable to a foreign bank or a Georgia state branch or Georgia state agency, or a final and enforceable order of the department; (5) Has misrepresented or concealed a material fact in the application for licensure; (6) Has violated a condition of its license or an agreement between the foreign bank and the department or other functional regulatory agency; (7) Has had its authorization to act dissolved, revoked, or otherwise terminated in its jurisdiction of incorporation or jurisdiction where it is operating a branch, agency, or representative office; (8) One or more grounds for receivership, including insolvency, as specified in Code Section 7-1-1129 , exists; or (9) Conducts business in an unsafe and unsound manner.