Georgia § 7-1-314 Purchase in fiduciary capacity of securities underwritten by syndicate including institution

Georgia Statutes

§ 7-1-314 — Purchase in fiduciary capacity of securities underwritten by syndicate including institution

Georgia § 7-1-314

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This text of Georgia § 7-1-314 (Purchase in fiduciary capacity of securities underwritten by syndicate including institution) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 7-1-314 (2026).

Text

A trust company or a financial institution with fiduciary powers may, in its fiduciary capacity, purchase securities underwritten by a syndicate which includes the financial institution or an affiliate of the financial institution, provided such purchase is otherwise prudent, not prohibited by the instrument governing the fiduciary relationship, and not otherwise inconsistent with regulations issued by the department.

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A trust company or a financial institution with fiduciary powers may, in its fiduciary capacity, purchase securities underwritten by a syndicate which includes the financial institution or an affiliate of the financial institution, provided such purchase is otherwise prudent, not prohibited by the instrument governing the fiduciary relationship, and not otherwise inconsistent with regulations issued by the department.