Rule 80-1-6-.02. Reports to Shareholders

Rule 80-1-6-.02. Reports to Shareholders

1. (1) On or before the date of the annual stockholders' meeting of any bank, the shareholders of the bank, regardless of class or voting rights, shall each be provided with the following schedules for the last fiscal year on a comparative basis with the preceding fiscal year:

   1. (a) Statement of Assets, Liabilities, and Capital;
   2. (b) Statement of Earnings and Expenses; and
   3. (c) Reconcilement of Changes in Capital Accounts.

2. (2) Bank Reports Maintained; Compensation to Directors, etc.

   1. (a) Each bank shall maintain throughout the year for inspection by any shareholder:

      1. (i) Each call Report of Condition and Report of Income since the last shareholders' meeting at which such information was distributed;
      2. (ii) A listing of all shareholders giving each of their names, post office address of record, and number of shares owned; and
      3. (iii) A listing of compensation to each director and chief executive officer if not a director, including salaries, bonuses, committee fees, commission from sale of insurance, etc.
   2. (b) Provided such information shall be available only upon written request by the shareholder setting forth the reasons for which such information is requested and certifying that the recipient will not further distribute any information furnished.
   3. (c) Information requested under paragraph (a) shall be made available within ten (10) days of receipt of any written request therefor.

Authority: Ga. L. 1974, p. 733, 1975, S.B. 145.

History. Original Rule entitled "Interpretation of Provisions Within the Statute" adopted. F. and eff. June 30, 1965.

Repealed: New Rule of same title adopted. F. June 9, 1972; eff. June 29, 1972.

Repealed: New Rule entitled "Reports to Shareholders" adopted. F. Aug. 28, 1975; eff. Sept. 17, 1975.

Amended: F. Nov. 4, 1975; eff. Nov. 24, 1975.

Amended: F. July 13, 1981; eff. August 2, 1981.

Amended: F. Sep. 18, 2012; eff. Oct. 8, 2012.