Except as otherwise permitted by Code Section 7-1-315, a trust company in its capacity as fiduciary shall:
History. Ga. L. 1935, p. 484, §§ 1, 2; Ga. L. 1953, Jan.-Feb. Sess., p. 108, §§ 1-3; Ga. L. 1965, p. 244, §§ 1, 2; Ga. L. 1966, p. 468, § 1; Code 1933, § 41A-1402, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1988, p. 1494, § 1; Ga. L. 1995, p. 673, § 15.
Cross references.
Substitution of parties to contract generally, § 13-4-20 .
Impossibility as excuse for non-performance, § 13-4-21 .
U.S. Code.
The National Housing Act, referred to in paragraph (3) of this Code section, is codified generally as 12 U.S.C. § 1701 et seq.
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
Part 4 - Powers of Trust Companies
§ 7-1-310. Powers to Act as Fiduciary and in Other Representative Capacities
§ 7-1-311. Operations as a Fiduciary
§ 7-1-312. Nonfiduciary Investments
§ 7-1-313. Collective Investment Funds
§ 7-1-316. Irrevocable Letter of Credit or Pledge of Securities for Receivership Contingency
§ 7-1-317. Minimal Amount of Capital
§ 7-1-318. Prohibition on Pledging or Creating a Lien by Trust Companies; Void Actions