Every fiduciary investment company in which a trust institution or foreign trust institution is authorized by this part to own and hold corporate stock or shares, in order to qualify for such investments, shall have such corporate powers as may be granted by Chapter 2 of Title 14 by virtue of its incorporation under those chapters and shall, in addition, have the following corporate powers under its articles of incorporation and, by its articles of incorporation or its bylaws, be subject to the limitations and restrictions set forth in this Code section:
History. Ga. L. 1970, p. 515, § 5; Ga. L. 1971, p. 639, § 5; Ga. L. 1973, p. 549, §§ 3, 4; Ga. L. 1974, p. 598, §§ 1, 2; Code 1933, § 41A-1505, enacted by Ga. L. 1974, p. 705, § 1.
U.S. Code.
The Investment Company Act of 1940, referred to in subparagraph (3)(F) of this Code section, is codified as 15 U.S.C. § 80 a-1 et seq.
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
Part 5 - Fiduciary Investment Companies
§ 7-1-331. Organization; Approval by Department
§ 7-1-333. Limitations on Investments
§ 7-1-334. Corporate Powers; Limitations and Restrictions
§ 7-1-335. Rules and Regulations; Examinations
§ 7-1-336. Advertisement of Participation; Financial Reports