Form 8752 Sandy Springs Georgia 2024-2025

Form 8752 Sandy Springs Georgia: What You Should Know

Mortgage loan companies and affiliates that operate under the umbrella of Ban Corp. (†† Ban Corp”). Pursuant to the Business Power of Attorney Agreement between Ban Corp  and the Mortgage company that are to be merged with Ban Corp (‡‡ Ban Corp), and pursuant to the Mortgage Agreement between the mortgage company that is to be merged with Ban Corp (‡‡ Ban Corp), and the Mortgage company that operates under the Ban Commitment; It is our opinion that the terms and conditions in the Mortgage Agreement between Mortgage company and Ban Corp (†† Ban Corp”), and the terms and conditions of the Mortgage Agreement between Mortgage company and Ban Corp and the terms and conditions of the Mortgage Agreement between Mortgage company and Ban Corp and the Mortgage Agreement between Mortgage company and the Mortgage company that is to be merged, do not provide that any portion of the Merger or the Merger of Mortgage companies and affiliates be accepted in compliance with Section 7602 of the General Corporation Law of the City of Savannah, unless such portion of the Merger that will be permitted to take effect after the Merger has been approved by the City Council in its capacity as the City's mayor or city council.  It is our opinion that the terms and conditions in the Mortgage Agreement between Mortgagor and Ban comply with the General Corporation Law, but do not comply with section 7604 of the General Corporate Law. We have discussed the general purpose of Chapter 704 of the Savannah City Code, and the general nature and purpose of the agreement between Bank of America and Mortgage company (†† Ban Corp”), and the General Corporation Law, for which Bank of America holds a legal power of attorney. The terms of the Mortgage Agreement between Bank of America and the Mortgage Company does not provide that it, or its affiliates may operate in compliance with the General Corporation Law in the event of a merger or a proposed merger of Mortgage companies and affiliates.

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