2006 Georgia Code - 53-12-284

53-12-284. In addition to all other investments which executors, administrators, guardians, trustees, custodians, and other like fiduciaries holding trust funds are authorized by statute to make, they may also invest trust funds held by them in real property loans: (1) Which are not in default; (2) Which are secured by mortgages or deeds to secure debt conveying a first security title to improve real property; (3) Which are insured pursuant to the National Housing Act; and (4) With respect to which loans, on or after default, pursuant to such insurance, debentures in at least the full amount of unpaid principal are issuable, which debentures are fully and unconditionally guaranteed both as to principal and interest by the United States.

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