One Click Case Law for § 7-1-412
O.C.G.A. § 7-1-411 <-- --> O.C.G.A. §7-1-413

2010 Georgia Code

TITLE 7 - BANKING AND FINANCE

CHAPTER 1 - FINANCIAL INSTITUTIONS
ARTICLE 2 - BANKS AND TRUST COMPANIES
PART 9 - FINANCIAL STRUCTURE
§ 7-1-412 - Beginning business expense fund

O.C.G.A. 7-1-412 (2010)
7-1-412. Beginning business expense fund


The expense fund required under Code Section 7-1-396 shall be created out of amounts paid for shares of common stock which are in excess of 120 percent of the par value of such shares. Such expense fund may be charged for expenses incurred by the bank or trust company in connection with its incorporation and operation, and any balance in such fund at any time after the expiration of one year from the issuance of a permit to begin business may be credited to paid-in capital.