O.C.G.A.
O.C.G.A. § 7-1-331 (2019)
Organization; approval by department
✓ 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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Any one or more trust institutions may cause a fiduciary investment company or companies to be organized and incorporated, but no trust institution or foreign trust institution may own an interest in more than seven fiduciary investment companies. A fiduciary investment company shall not begin business, except to select an investment adviser, until it is approved by the department.
History
Ga. L. 1970, p. 515, § 2; Ga. L. 1971, p.
639, § 3; Code 1933, § 41A-1502, enacted by Ga. L. 1974, p. 705, § 1.
Annotations
RESEARCH REFERENCES Am. Jur. 2d. 10 Am. Jur. 2d, Banks and Financial Institutions, § 23.
C.J.S. 9 C.J.S., Banks and Banking, § 652.