GroundRules
O.C.G.A. § 7-1-318: Prohibition on pledging or creating a lien by trust companies; void actions.
Where this section sits in the code
- TITLE 7 Banking And Finance
- CHAPTER 1 Financial Institutions
- Article 2 Banks and Trust Companies
- PART 4 Powers of Trust Companies
(a) No trust company shall pledge or create a lien on any of its assets except to secure:
(1) The repayment of money borrowed; or
(2) Trust accounts administered by the trust company.
(b) An act, deed, conveyance, pledge, or contract in violation of this Code section shall be considered void.
Collected 2026-09-17T19:34:57Z. Source file · JSON