§ 7-1-462 - Dividends and distributions must be authorized by chapter - Georgia Statutes

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.