GEORGIA CODE (Last Updated: August 20, 2013) |
Title 7. BANKING AND FINANCE |
Chapter 1. FINANCIAL INSTITUTIONS |
Article 2. BANKS AND TRUST COMPANIES |
Part 4. POWERS OF TRUST COMPANIES |
Section 7-1-312. Nonfiduciary investments
Latest version.
- A trust company which is not a bank may, apart from its fiduciary activities, invest in stock and investment securities, except that it may not acquire or hold its own stock otherwise than pursuant to paragraphs (8) and (9) of Code Section 7-1-261.
Code 1933, § 41A-1403, enacted by Ga. L. 1974, p. 705, § 1.