Georgia § 7-1-1134 Denial or revocation of licensure

Georgia Statutes

§ 7-1-1134 — Denial or revocation of licensure

The department may deny an application for registration or revoke the registration of a representative office if the department by examination or other credible evidence finds that the foreign bank:

(1)Has refused to permit the department to examine the books, papers, accounts, records, or affairs of a Georgia state representative office in accordance with Code Sections 7-1-1102 and 7-1-1103 ;

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

(3)Has misrepresented or concealed a material fact in the original or subsequent registration applications;

(4)Has violated a condition of an agreement between the foreign bank and the department or other functional regulato

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The department may deny an application for registration or revoke the registration of a representative office if the department by examination or other credible evidence finds that the foreign bank: (1) Has refused to permit the department to examine the books, papers, accounts, records, or affairs of a Georgia state representative office in accordance with Code Sections 7-1-1102 and 7-1-1103 ; (2) Has violated this article, another law or rule applicable to the foreign bank or a Georgia state representative office, or a final and enforceable order of the department; (3) Has misrepresented or concealed a material fact in the original or subsequent registration applications; (4) Has violated a condition of an agreement between the foreign bank and the department or other functional regulatory agency; (5) Has had its authority or existence terminated or canceled in its jurisdiction of incorporation; or (6) Conducts business in an unsafe and unsound manner.

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