A trust company which is not a bank may, apart from its fiduciary activities, invest in stock and investment securities, except that it may not acquire or hold its own stock otherwise than pursuant to paragraphs (8) and (9) of Code Section 7-1-261.
History. Code 1933, § 41A-1403, enacted by Ga. L. 1974, p. 705, § 1.
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