Rule 80-7-1-.01 - Definitions(1) Unless further defined herein, definitions contained in provisions of Georgia Code Ann. Title 7, the Financial Institutions Code of Georgia (FIC), shall be applicable to this Chapter.(2) Definitions contained herein shall be applicable to FIC Sections 7-1-590 and 7-1-710 through 7-1-734.(3) Further Definitions: (a) "Parent Organization" shall mean the corporate entity containing any FBO located in this State and any affiliate (see FIC subsection 7-1-4(1)) of such entity.(b) "Foreign Banking Organization (FBO)" shall mean an "International Bank Agency", an "International Bank Representative Office," a "Domestic International Banking Facility", and a "Business Production Office".(c) "Business Production Office" shall mean a "Representative Office" as discussed in FIC Section 7-1-590 and shall include any corporate subsidiary (see FIC subsection 7-1-4(37)), of a bank domicile outside of this State which maintains an office within this State.(d) "Temporary Advances" shall mean credit balances which bear interest.Ga. Comp. R. & Regs. R. 80-7-1-.01
Ga. L. 1974, pp. 705, 733.
Original Rule entitled "Definitions" was filed on October 15, 1981; effective November 4, 1981.