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O.C.G.A. § 7-1-239 <-- --> O.C.G.A. §7-1-241

2010 Georgia Code

TITLE 7 - BANKING AND FINANCE

CHAPTER 1 - FINANCIAL INSTITUTIONS
ARTICLE 2 - BANKS AND TRUST COMPANIES
PART 1 - GENERAL MATTERS
§ 7-1-240 - Powers and restrictions applicable when acting as bank and trust company

O.C.G.A. 7-1-240 (2010)
7-1-240. Powers and restrictions applicable when acting as bank and trust company


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.