No member of the State Depository Board shall vote to name and appoint as state depositories of state funds any bank, trust company, building and loan association, federal savings and loan association, or the Georgia Credit Union Deposit Corporation in which the member is a stockholder, board member, or owner.
History. Code 1981, § 50-17-50.1 , enacted by Ga. L. 1998, p. 128, § 50.
Editor’s notes.
This Code section is a codification of the language of Ga. L. 1997, p. 1525, § 2.
Structure Georgia Code
Chapter 17 - State Debt, Investment, and Depositories
Article 3 - State Depositories
§ 50-17-50.1. Authority to Vote
§ 50-17-52. Contracts for Interest on Deposits; Authority to Remove Deposits
§ 50-17-53. Authority to Determine Amount to Be Deposited; Deposit Security Required
§ 50-17-55. Absolute Discretion of State Depository Board in Performance of Duties
§ 50-17-56. State Treasurer to Make Deposits in Compliance With Board’s Determinations
§ 50-17-57. State Treasurer to Make Reports
§ 50-17-58. Execution of Bonds by Depositories
§ 50-17-59. Deposit of Securities in Lieu of Bond
§ 50-17-60. Governor to Sell Bonds to Reimburse State for Any Default
§ 50-17-61. Procedure for Relief of Bond Sureties
§ 50-17-62. Funds to Be Held by Depositories
§ 50-17-64. Depositories Required to Furnish Monthly Statements
§ 50-17-67. Depositories to Serve Without Definite Term or Salary or Fees; Exception