Georgia § 7-1-231 Acquisition of control without approval prohibited

Georgia Statutes

§ 7-1-231 — Acquisition of control without approval prohibited

Georgia § 7-1-231

Title7

This text of Georgia § 7-1-231 (Acquisition of control without approval prohibited) 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. § 7-1-231 (2026).

Text

(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.

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

(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.