In addition to and not in limitation of the other powers provided in this part, any bank shall be entitled and empowered to designate an affiliated trust company as its agent for the performance of all acts, obligations, and responsibilities of the bank with respect to any fiduciary capacity. In such event, the bank shall remain fully responsible and liable with respect to all actions of the affiliated trust company as if performed by the bank itself. No such agency relationship shall:
History. Code 1981, § 7-1-323 , enacted by Ga. L. 1986, p. 1244, § 1; Ga. L. 1992, p. 6, § 7.
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
§ 7-1-321. Affiliate Transfers Authorized; Powers and Duties of Affiliated Trust Company Transferees
§ 7-1-322. Effect of Affiliate Transfer on Bank; Abandonment of Transfer; Substituted Fiduciary
§ 7-1-324. Designation of Affiliate Trust Company as Successor Fiduciary