Rule 590-7-2-.11 - Financial Institutions(1) Applicants seeking the reservation of a corporate name for a financial institution shall make such application to the Department of Banking and Finance.(2) If the Department of Banking and Finance determines that the name complies with the requirements of O.C.G.A. § 7-1-130 and is otherwise consistent with Georgia law, and is distinguishable upon the records of the Secretary of State from the name of any other corporation, limited partnership, or professional association, it shall reserve the name and notify the Secretary of State of such name reservation.(3) Decisions regarding the issuance of name reservations to financial institutions shall be made by the State Department of Banking and Finance. Provisions of Title 14 relating to the reservation of names shall not apply to a corporation which is, or is proposed to become, a financial institution.Ga. Comp. R. & Regs. R. 590-7-2-.11
O.C.G.A. Secs. 7-1-131, 14-5-23, 14-2-130.
Original Rule entitled "Financial Institutions" was filed on June 10, 1987; effective July 1, 1987, as specified by the Agency.Amended: ER. 590-7-2-0.22-.11 adopted. F. Jul. 7, 1989; eff. July 3, 1989, the date of adoption, to remain in effect for 120 days or until adoption of a permanent Rule superseding said ER., as specified by the Agency.Amended: Permanent Rule adopted. F. Nov. 20, 1989; eff. Dec. 11, 1989, as specified by the Agency.Amended: F. Aug. 7, 1990; eff. Aug. 28, 1990, as specified by the Agency.