{"data":{"id":"us-ga/o.c.g.a.-33-16-7","jurisdiction":"us-ga","citation":"O.C.G.A. § 33-16-7","heading":"Power of board to borrow money and pledge assets of company.","body":"The board of directors of a farmers’ mutual fire insurance company may, at any time, borrow such sum or sums of money as they may deem necessary to pay its losses, accrued or unaccrued, and may pledge the assets of the company including the contingent liability of policyholders for the losses as security for the loan.","path":["TITLE 33 Insurance","CHAPTER 16 Farmers’ Mutual Fire Insurance Companies"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.33.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"0a3607ec3c0212d09f262c54e473fbd9a33ba181f8b58e09f623d154c6886524","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-33-16-6","next":"us-ga/o.c.g.a.-33-16-8"},"notice":"GroundRules: Original legal text. Not legal advice."}