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Current as of March 28, 2024 | Updated by Findlaw Staff
(a) The department may revoke any registration or reject any application to register or renew a registration for a domestic international banking facility upon a finding that:
(1) The facility no longer qualifies to register under this article;
(2) The scope of the business conducted by the facility exceeds that authorized by this article;
(3) The chartering authority of the parent bank of the facility requests such action in writing; or
(4) The department determines, on its own initiative or otherwise, that representations made by the registrant, including, but not limited to, representations under paragraph (6) of subsection (b) of Code Section 7-1-732, are inaccurate.
(b) No facility whose registration has been rejected by the department may establish an international banking facility in this state.
Cite this article: FindLaw.com - Georgia Code Title 7. Banking and Finance § 7-1-733 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-7-banking-and-finance/ga-code-sect-7-1-733/
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 before relying on it for your legal needs.
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