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Current as of March 28, 2024 | Updated by FindLaw Staff
(a) The party or parties desiring to consummate a conversion 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 together with the fee required by Code Section 7-1-862.
(b) The articles of conversion shall be signed by two duly authorized officers of the national bank under its seal and shall contain:
(1) Its name and the name of the resulting bank or trust company;
(2) The street address and county of its main office;
(3) The name and initial registered agent and the street address where the initial registered office will be located;
(4) The votes by which the plan of conversion was adopted and the time, place, and notice of each meeting in connection with such adoption;
(5) The name and county of residence of each director of the resulting bank or trust company;
(6) 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
(7) The plan of conversion.
Cite this article: FindLaw.com - Georgia Code Title 7. Banking and Finance § 7-1-551 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-7-banking-and-finance/ga-code-sect-7-1-551/
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.
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