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2017 Georgia Code
Title 7 - Banking and Finance
Chapter 3 - Industrial Loans
§ 7-3-11. Failure to begin business or suspending activities after license issued
Universal Citation: GA Code § 7-3-11 (2017)
In the event a licensee does not begin the operation of business under such license within a period of 120 days from the date of the issuance of such license or in the event a licensee, after having begun the operation of business under the license, remains inactive in such business for a period of 120 days, such license shall be subject to suspension or revocation by the Commissioner after notice and hearing under the procedure provided in Code Section 7-3-24 for the revocation or suspension of licenses. Any order or decision of the Commissioner on such matter shall be subject to review as provided in Code Section 7-3-24.
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