Georgia Code, Title 7, Chapter 1, Article 7 - Building and Loan Associations and Savings and Loan Associations
- § 7-1-770 - Definitions
(a) As used in this article, the term: (1) "Building and loan association" means a local mutual association existing under the laws of this...
- § 7-1-771 - Members of Building and Loan Association; Voting
All depositors of the building and loan association and all borrowers from it, all persons assuming or obligated upon loans made or held by...
- § 7-1-772 - Presentation, Contents, and Execution of Articles of Building and Loan Association
(a) Five or more persons competent to contract, a majority of whom shall be residents of this state, who may desire to create a...
- § 7-1-773 - Approval or Disapproval of Articles of Building and Loan Association by Department
Reserved. Repealed by Ga. L. 1989, p. 1257, § 27, effective July 1, 1989.
- § 7-1-774 - Approval of Articles of Building and Loan Association; Renewals or Amendments to Existing Charters
Reserved. Repealed by Ga. L. 1989, p. 1257, § 28, effective July 1, 1989.
- § 7-1-775 - Filing and Processing Articles of Incorporation and Amendments for Building and Loan Association
Articles of incorporation for a building and loan association shall be filed and processed in accordance with the provisions contained in Part 8 of...
- § 7-1-776 - Certificate of Incorporation or Amendment Issued by Secretary of State
Upon compliance with Code Section 7-1-395 or 7-1-516, the Secretary of State shall issue to the incorporators or the building and loan association a...
- § 7-1-777 - Principal and Branch Offices
No building and loan association or savings and loan association or similar corporation existing under the laws of this state or of the United...
- § 7-1-778 - Rules and Regulations Governing Building and Loan Associations
Without limitation on the authority conferred by Article 1 of this chapter, the department may adopt reasonable rules and regulations governing the operation of...
- § 7-1-779 - Use of "Savings and Loan," "Building and Loan," or Other Terms Likely to Mislead Public As to Nature of Business
No person or corporation, except a building and loan association or a savings and loan association actually engaged in carrying on a building and...
- § 7-1-780 - Lien on Deposits to Secure Loans
To secure loans, building and loan associations and savings and loan associations shall have a lien without further agreement or pledge upon all deposits...
- § 7-1-781 - Conversion Into Savings and Loan Association
Any building and loan association or other financial institution existing under the laws of this state doing a home financing business may convert itself...
- § 7-1-782 - Effect of Conversion Into Savings and Loan Association
Upon the conversion of any building and loan association into a savings and loan association, the corporate existence of such association shall not terminate,...
- § 7-1-783 - Previous Conversions Into Savings and Loan Associations Ratified
Any building and loan association or corporation which has converted itself prior to April 1, 1975, into a savings and loan association under the...
- § 7-1-784 - Conversion Into Building and Loan Association
Any savings and loan association may convert itself into a building and loan association under this article upon a vote of 51 percent or...
- § 7-1-785 - Effect of Conversion Into Building and Loan Association
All of the provisions regarding property and other rights contained in Code Section 7-1-782 shall apply, in reverse order, to the conversion of a...
- § 7-1-786 - Taxation
No building and loan association or savings and loan association with a home office in this state shall be assessed or subjected to taxation...
- § 7-1-787 - Exemption From Securities Regulations
The opening and transfer of deposits in a building and loan association or savings and loan association are exempted from all provisions of law...
- § 7-1-788 - Notaries and Other Officers Not Disqualified by Interest in Association; Validation of Prior Instruments
No notary public or other public officer shall be disqualified from taking the acknowledgment of or witnessing any instrument, in writing, in which a...
- § 7-1-789 - Minors' Deposits, Safe-Deposit Boxes, and Third-Party Payment Accounts; Validity of Releases
(a) A minor shall be allowed to have deposits in a building and loan association or savings and loan association in his own name,...
- § 7-1-790 - Deposits of Fiduciaries
A building and loan association or a savings and loan association may receive deposits in the name of an administrator, executor, guardian, trustee, or...
- § 7-1-791 - Payment on Death of Depositor
Except as provided in Article 8 of this chapter, upon the death of a depositor of a building and loan association or a savings...
- § 7-1-792 - Deposits Applied to Funeral Expenses
Except as provided in Article 8 of this chapter, if no application for the deposit is made by any person named in Code Section...
- § 7-1-793 - Investment of Funds in Insured Deposits
Administrators, executors, guardians, trustees, and other fiduciaries of every kind and nature; insurance companies; charitable, educational, eleemosynary, and public corporations and organizations; municipalities and...
- § 7-1-794 - Deposits As Security or in Lieu of Bond
Whenever, under the laws of this state or otherwise, a deposit of securities is required for any purpose, the deposits made legal investments by...
- § 7-1-795 - Savings Account Books and Certificates
The original record of deposits in building and loan associations and savings and loan associations is the record on the books of the association,...
- § 7-1-796 - Insanity, Incompetency, Bankruptcy, or Death of Depositor
A building and loan association or a savings and loan association paying deposits to an insane or otherwise incompetent depositor or bankrupt depositor or...
- § 7-1-797 - Building and Loan Association Deposit Insurance Requirements; Public Notices When Deposits Not Properly Insured
(a) Every building and loan association shall be required to obtain deposit insurance satisfactory to the department before it may conduct business and accept...
Last modified: October 14, 2016