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GEORGIA CODE (Last Updated: August 20, 2013) |
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Title 7. BANKING AND FINANCE |
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Chapter 1. FINANCIAL INSTITUTIONS |
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Article 5. INTERNATIONAL BANKING CORPORATIONS AND BANK AGENCIES |
| § 7-1-710. Definitions |
| § 7-1-711. Application of this chapter |
| § 7-1-712. Application of Article 15 of Chapter 2 of Title 14 |
| § 7-1-713. Requirements for carrying on banking business |
| § 7-1-714. Actions against international banking corporations |
| § 7-1-715. Application for license |
| § 7-1-716. Effect, renewal, and revocation of licenses; permissible activities |
| § 7-1-717. Securities, and other evidence of indebtedness to be held in this state |
| § 7-1-718. Financial certifications; restrictions on investments, loans, and acceptances |
| § 7-1-719. Reports |
| § 7-1-720. Dissolution |
| § 7-1-721. International representative offices |
REFS & ANNOS
TITLE 7 Chapter 1 Article 5 NOTE
LAW REVIEWS. --For article discussing limitations on the establishment and transaction of international banking in Georgia, see 27 Mercer L. Rev. 629 (1976).
For note discussing the interrelationship between the International Banking Act, the provisions of the Financial Institutions Code relating to domestic banking, and the Foreign Corporations Chapter of the Corporation Code in the regulation of international banking in Georgia and comparing Georgia provisions with those of New York and California, see 27 Mercer L. Rev. 827 (1976).
OPINIONS OF THE ATTORNEY GENERAL
DETERMINATION OF WHETHER INTERNATIONAL BANKING CORPORATION IS A BANK FOR TAX PURPOSES. --Determination of whether an international banking corporation which plans to open agency office in state is a bank for tax purposes should be based upon operation and legal powers of proposed agency office. 1976 Op. Att'y Gen. No. 76-105.
An international banking corporation whose sole contact with Georgia is its operation of an agency office licensed under the statutes (see O.C.G.A. Art. 5, Ch. 1, T. 7) is not a bank for purposes of Georgia revenue statutes. 1976 Op. Att'y Gen. No. 76-105.
For note discussing the interrelationship between the International Banking Act, the provisions of the Financial Institutions Code relating to domestic banking, and the Foreign Corporations Chapter of the Corporation Code in the regulation of international banking in Georgia and comparing Georgia provisions with those of New York and California, see 27 Mercer L. Rev. 827 (1976).
OPINIONS OF THE ATTORNEY GENERAL
DETERMINATION OF WHETHER INTERNATIONAL BANKING CORPORATION IS A BANK FOR TAX PURPOSES. --Determination of whether an international banking corporation which plans to open agency office in state is a bank for tax purposes should be based upon operation and legal powers of proposed agency office. 1976 Op. Att'y Gen. No. 76-105.
An international banking corporation whose sole contact with Georgia is its operation of an agency office licensed under the statutes (see O.C.G.A. Art. 5, Ch. 1, T. 7) is not a bank for purposes of Georgia revenue statutes. 1976 Op. Att'y Gen. No. 76-105.