Georgia Code
Part 1 - General Matters
§ 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.
History. Code 1933, § 41A-1101, enacted by Ga. L. 1974, p. 705, § 1.
Law reviews.
For article, “An Argument Evaluating Price Controls on Bank Credit Cards in Light of Certain Reemerging Common Law Doctrines,” see 9 Ga. St. U.L. Rev. 797 (1993).
For article, “An Economic Perspective on Interest Rate Limitations,” see 9 Ga. St. U.L. Rev. 821 (1993).
For article, “Regulating Bank Reputation Risk,” see 54 Ga. L. Rev. 523 (2020).

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