Georgia § 7-1-733 Rejection or revocation of registration as a domestic international banking facility

Georgia Statutes

§ 7-1-733 — Rejection or revocation of registration as a domestic international banking facility

Georgia § 7-1-733

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This text of Georgia § 7-1-733 (Rejection or revocation of registration as a domestic international banking facility) 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. § 7-1-733 (2026).

Text

(a)The department may revoke any registration or reject any application to register or renew a registration for a domestic international banking facility upon a finding that:

(1)The facility no longer qualifies to register under this article;

(2)The scope of the business conducted by the facility exceeds that authorized by this article;

(3)The chartering authority of the parent bank of the facility requests such action in writing; or (4) The department determines, on its own initiative or otherwise, that representations made by the registrant, including, but not limited to, representations under paragraph (6) of subsection (b) of Code Section 7-1-732 , are inaccurate.

(b)No facility whose registration has been rejected by the department may establish an international banking facility

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(a) The department may revoke any registration or reject any application to register or renew a registration for a domestic international banking facility upon a finding that: (1) The facility no longer qualifies to register under this article; (2) The scope of the business conducted by the facility exceeds that authorized by this article; (3) The chartering authority of the parent bank of the facility requests such action in writing; or (4) The department determines, on its own initiative or otherwise, that representations made by the registrant, including, but not limited to, representations under paragraph (6) of subsection (b) of Code Section 7-1-732 , are inaccurate. (b) No facility whose registration has been rejected by the department may establish an international banking facility in this state.