Georgia Statutes
§ 7-1-231 — Acquisition of control without approval prohibited
Georgia·Title 7
(a)For purposes of this Code section, the term "financial institution" shall include any "bank holding company" as such term is defined in subsection (a) of Code Section 7-1-605 .
(b)It shall be unlawful for a person, acting directly or indirectly or through concert with one or more persons, to acquire control or the presumption of control of any financial institution through a purchase, assignment, pledge, or other disposition of voting stock of such institution, except with the approval of the department or as otherwise permitted by this part.
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Legislative History
Amended by 2022 Ga. Laws 748,§ 3, eff. 7/1/2022.
Nearby Sections
15
§ 7-1-1
Short title§ 7-1-10
Rules of construction§ 7-1-1000
Definitions§ 7-1-1001-1
Requirement for mortgage loan originator license; application to sellers of mobile homes§ 7-1-1002
Prohibited transactions; liability§ 7-1-1003
Applications for licenses§ 7-1-1003-1
[Repealed] Physical place of business§ 7-1-1003-3
[Reserved] Application for registration§ 7-1-1003-4
[Reserved] Notification statement