One Click Case Law for § 7-1-462
O.C.G.A. § 7-1-461 <-- --> O.C.G.A. §7-1-463

2010 Georgia Code

TITLE 7 - BANKING AND FINANCE

CHAPTER 1 - FINANCIAL INSTITUTIONS
ARTICLE 2 - BANKS AND TRUST COMPANIES
PART 11 - DIVIDENDS, DISTRIBUTIONS, AND PREFERRED SHARE ACQUISITION
§ 7-1-462 - Dividends and distributions must be authorized by chapter

O.C.G.A. 7-1-462 (2010)
7-1-462. Dividends and distributions must be authorized by chapter


The directors of a bank or trust company shall not declare dividends or authorize or ratify the distribution of any part of its assets to shareholders by purchase of its shares or otherwise, except as authorized by this chapter.