O.C.G.A.
O.C.G.A. § 7-1-314 (2019)
Purchase in fiduciary capacity of securities underwritten by syndicate including institution
✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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A trust company or a financial institution with fiduciary powers may, in its fiduciary capacity, purchase securities underwritten by a syndicate which includes the financial institution or an affiliate of the financial institution, provided such purchase is otherwise prudent, not prohibited by the instrument governing the fiduciary relationship, and not otherwise inconsistent with regulations issued by the department.
History
Code 1981, § 7-1-314, enacted by Ga. L.
1983, p. 602, § 10; Ga. L. 1989, p. 1249, § 7.