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2020 Georgia Code
Title 7 - Banking and Finance
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
Part 15 - Conversions, Mergers, and Consolidations Involving National Banks
§ 7-1-551. National Bank to State Bank or Trust Company Conversions, Mergers, and Consolidations - Articles of Conversion, Merger, or Consolidation
Universal Citation: GA Code § 7-1-551 (2020)
- The party or parties desiring to consummate a conversion, merger, or consolidation authorized by Code Section 7-1-550 shall, upon requisite approval of the plan by their directors and shareholders, file with the department articles of conversion, merger, or consolidation, together with the fee required by Code Section 7-1-862.
- The articles of conversion shall be signed by two duly authorized officers of the national bank under its seal and shall contain:
- Its name and the name of the resulting bank or trust company;
- The street address and county of its main office;
- The name and initial registered agent and the street address where the initial registered office will be located;
- The votes by which the plan of conversion was adopted and the time, place, and notice of each meeting in connection with such adoption;
- The names and addresses of the first directors of the resulting bank or trust company;
- The provisions required in articles of a new bank or trust company by paragraphs (5), (6), (7), and (10) of subsection (a) of Code Section 7-1-392; and
- The plan of conversion.
- The articles of merger or consolidation shall be in the form specified by subsection (b) of Code Section 7-1-532.
(Ga. L. 1953, Jan.-Feb. Sess., p. 73, §§ 5, 6; Code 1933, § 41A-2502, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1989, p. 1257, § 16; Ga. L. 1999, p. 81, § 7; Ga. L. 1999, p. 674, § 14; Ga. L. 2015, p. 344, § 13/HB 184.)
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