{"data":{"id":"us-ga/o.c.g.a.-7-1-462","jurisdiction":"us-ga","citation":"O.C.G.A. § 7-1-462","heading":"Dividends and distributions must be authorized by chapter.","body":"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.","path":["TITLE 7 Banking And Finance","CHAPTER 1 Financial Institutions","Article 2 Banks and Trust Companies","PART 11 Dividends, Distributions, and Preferred Share Acquisition"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.07.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"3f7da2bb43df2957def80e3dc97192bbc7672ad8e4634f6ff8e4b4890d613510","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-7-1-461","next":"us-ga/o.c.g.a.-7-1-463"},"notice":"GroundRules: Original legal text. Not legal advice."}