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Georgia Code Title 7. Banking and Finance § 7-1-787

Current as of March 28, 2024 | Updated by Findlaw Staff

The opening and transfer of deposits in a savings and loan association are exempted from all provisions of law of this state which provide for the supervision and the regulation of the sale of securities, even if the word “shares” or similar terminology is used in connection therewith; and the sale of any such deposits shall be legal without any action or approval whatsoever on the part of any official authorized to license, regulate, and supervise the sale of securities.

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Cite this article: FindLaw.com - Georgia Code Title 7. Banking and Finance § 7-1-787 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-7-banking-and-finance/ga-code-sect-7-1-787/

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