This legal document governs the closure of representative offices of banks, bank holding companies, and subsidiaries of banks or bank holding companies. Prior to closing a representative office, the entities mentioned must post notice of the closing as required by Code Section 7-1-110.1. The department has the authority to review the operations of any representative office annually or at its discretion to ensure that the office is not conducting banking business.

This legal document, known as the Georgia Bank Holding Company Act, governs bank holding companies. It defines a bank holding company as any company that has control over a bank or over any company that becomes a bank holding company. Control is determined by various factors such as ownership or control of voting securities, control over the election of directors or trustees, and exercising a controlling influence over the management or policies of the bank or company.

This legal document governs actions related to bank holding companies in Georgia. It prohibits certain actions, such as becoming a bank holding company, causing a bank to become a subsidiary of a bank holding company, acquiring ownership or control of voting shares of a bank, acquiring assets of a bank, merging or consolidating with other bank holding companies, and taking actions in violation of the federal Bank Holding Company Act of 1956.

This legal document governs the acquisition, formation, and merger activities of bank holding companies. It prohibits bank holding companies from acquiring direct or indirect ownership or control of any voting shares of a bank if it would result in owning or controlling 5 percent or more of the voting shares of the bank. Exceptions to this rule include acquisitions by purchase and by formation, acquisitions of control of a bank without controlling any other bank, acquisitions through formation of a de novo bank in Georgia with departmental and federal approvals, and mergers or consolidations of de novo banks less than three years old owned by the holding company.

This legal document, part of the Georgia Code under the Banking and Finance section, pertains to merchant acquirer limited purpose banks. It outlines several limitations on depositors and deposit-taking activities for these banks. Merchant acquirer limited purpose banks can only accept deposits from a corporation that owns a majority of their shares. They are not allowed to attract deposits from the general public or accept ‘brokered deposits’ as defined by the Federal Deposit Insurance Act.

This legal document, as per the Georgia Code, governs actions upon simple contracts in writing. It specifies that all actions upon simple contracts in writing must be brought within six years after they become due and payable. However, this Code section does not apply to actions for the breach of contracts for the sale of goods under Article 2 of Title 11 or to negotiable instruments under Article 3 of Title 11.

The Finance Entity Regulations govern entities engaged in certain financial activities, such as issuing payment, credit or charge cards, operating payment plans, making or refinancing loans, or entering into similar arrangements for advancing funds or credit. The regulations do not apply to financial institutions, factoring entities, financial leasing entities, or specialized financing entities that make loans only to entities they control or in which they hold a substantial investment. These regulations came into force on the same day as the corresponding sections of the Bank Act, Cooperative Credit Associations Act, Insurance Companies Act, and Trust and Loan Companies Act, as enacted by the Financial Consumer Agency of Canada Act.

The Financial Leasing Entity Regulations govern the activities of financial leasing entities operating in Canada. These regulations apply to financial leasing entities under the Bank Act, Cooperative Credit Associations Act, Insurance Companies Act, and Trust and Loan Companies Act. The regulations define the estimated residual value of personal property subject to a financial lease agreement. They also specify the permitted related activities for financial leasing entities, such as entering into conditional sales agreements, administering lease agreements, and raising money for financing activities.

The Information Processing Activities (Banks and Authorized Foreign Banks) Regulations apply to banks and authorized foreign banks. These regulations provide exemptions for specified circumstances, including certain information processing activities related to account postings, payments, and deposits carried on by the bank before December 1, 1980. Additionally, exemptions are provided for various information processing activities carried on in respect of financial institutions, employers, farmers, subsidiaries of the bank or authorized foreign bank, and entities in which the bank or authorized foreign bank holds more than 10% of the voting shares.

The Money Market Mutual Fund Conditions Regulations, issued under the Canadian Payments Act, govern the conditions that money market mutual funds must satisfy. These regulations apply to money market mutual funds and outline the following conditions: (a) all assets must be invested in cash, cash equivalents, evidences of indebtedness with a remaining term to maturity of 365 days or less, or floating rate evidences of indebtedness; (b) the portfolio of evidences of indebtedness must have a dollar-weighted average term to maturity not exceeding 90 days; (c) at least 95% of assets must be invested in cash, cash equivalents, or evidences of indebtedness denominated in the currency used to calculate the net asset value per security; and (d) at least 95% of assets must be invested in cash, cash equivalents, or evidences of indebtedness of issuers with approved credit ratings.