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 7-1-231. Acquisition of control without permission prohibited
Latest version.
- It shall be unlawful for a person, acting directly or indirectly or through concert with one or more persons, to acquire 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.
Code 1933, § 41A-1001, enacted by Ga. L. 1980, p. 1076, § 1.