Directors' Financial Reports

Each director of a bank or trust company shall maintain on file with the chief executive officer of the bank or trust company for which he/she serves as a director a financial statement on forms prescribed by the Department. Such financial statement shall be revised annually, but in no event shall the statement on file be more than eighteen (18) months old. At the discretion of the Board of Directors of each bank or trust company, such financial statements may be maintained in sealed envelopes available for inspection only by state or federal examiners. Authority: Ga. L. 1974, p. 733; 1975, S.B. 145. History. Original Rule entitled "Exemptions" adopted. F. and eff. June 30, 1965. Repealed: New Rule of same title adopted. F. June 9, 1972; eff. June 29, 1972. Repealed: F. Aug. 28, 1975; eff. Sept. 17, 1975. Amended: New Rule entitled "Directors' Financial Reports" adopted. F. Nov. 4, 1975; eff. Nov. 24, 1975. Amended: F. June 29, 2017; eff. July 19, 2017.