GEORGIA CODE (Last Updated: August 20, 2013) |
Title 7. BANKING AND FINANCE |
Chapter 1. FINANCIAL INSTITUTIONS |
Article 1. PROVISIONS APPLICABLE TO DEPARTMENT OF BANKING AND FINANCE AND FINANCIAL INSTITUTIONS GENERALLY |
Part 10. CHANGE IN CONTROL OF FINANCIAL INSTITUTIONS |
Section 7-1-230. Definitions
Latest version.
- As used in this part, the term:
(1) "Control" means the power directly or indirectly to direct the management or policies of a financial institution or to vote 25 percent or more of any class of voting securities of a financial institution.
(2) "Person" means an individual or a corporation, partnership, trust, association, joint venture, pool, syndicate, sole proprietorship, unincorporated organization, or any other form of entity not specifically listed in this paragraph.
Code 1933, § 41A-1005, enacted by Ga. L. 1980, p. 1076, § 1.