(a) The name of a financial institution shall not contain the words “Government,”
“Official,” “Federal,” “National,” or “United States” or any abbreviation of any such
words and shall not in the opinion of the department:
(1) Be indistinguishable from the corporate name of another financial institution
conducting a banking business in this state as reflected in the records of the department;
(2) Contain any word which may lead to the conclusion that the financial institution
is authorized to perform any act or conduct any business which it is unauthorized
or forbidden to perform by law, its articles, or otherwise.
(b) A financial institution may, without regard to subsection (a) of this Code section,
(1) Its name in use on April 1, 1975;
(2) A name in use on April 1, 1975, by another financial institution which is adopted
(A) A financial institution which is the resulting institution in a plan of merger
or consolidation to which the institution using the name is a party; or
(B) A financial institution which is incorporated under this chapter in pursuance
of a plan of segregating the banking business and the trust business of the institution
using the name; or
(3) A name of another financial institution already transacting business with the
consent of the latter institution, provided that the names are distinguishable in
the records of the Secretary of State.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.