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O.C.G.A. § 7-1-312 — Nonfiduciary investments | Georgia Code

O.C.G.A. § 7-1-312 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 7 BANKING AND FINANCE

Section 1. Financial Institutions, 7-1-1 through 7-1-1021.

ARTICLE 2 BANKS AND TRUST COMPANIES

7-1-312. Nonfiduciary investments.

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.)

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