{"data":{"id":"us-ga/o.c.g.a.-7-1-240","jurisdiction":"us-ga","citation":"O.C.G.A. § 7-1-240","heading":"Powers and restrictions applicable when acting as bank and trust company.","body":"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.","path":["TITLE 7 Banking And Finance","CHAPTER 1 Financial Institutions","Article 2 Banks and Trust Companies","PART 1 General Matters"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.07.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":"bf61b7deda281bb32784fdbe21eda8b62e5b5ff2627961e97b9daed24f66c9cb","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-7-1-239.10","next":"us-ga/o.c.g.a.-7-1-241"},"notice":"GroundRules: Original legal text. Not legal advice."}