GroundRules
O.C.G.A. § 7-1-240: Powers and restrictions applicable when acting as bank and trust company.
Where this section sits in the code
- TITLE 7 Banking And Finance
- CHAPTER 1 Financial Institutions
- Article 2 Banks and Trust Companies
- PART 1 General Matters
Any financial institution authorized by law to act as both a bank and a trust company shall enjoy and be subject to the powers and restrictions of a bank of its type in regard to its banking activities and in like manner shall enjoy and be subject to the powers and restrictions of a trust company in regard to its trust activity. With respect to general corporate matters not identified with either banking or trust functions, it shall have the privileges and restrictions of a bank of its type.
Collected 2026-09-17T18:56:37Z. Source file · JSON
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