There is a newer version
of
this Section
2020 Georgia Code
Title 7 - Banking and Finance
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
Part 3 - Powers of Banks
§ 7-1-283. Participations
Universal Citation: GA Code § 7-1-283 (2020)
- A bank may purchase and may sell participations in:
- One or more evidences of indebtedness or agreements for the payment of money, subject to regulations by the department; or
- Pools of evidences of indebtedness or agreements for the payment of money, subject to regulations by the department.
- The department may prohibit the sale of any type of participation to the public or otherwise not in the usual course of banking business, except as permitted by other provisions of this chapter.
(Code 1933, § 41A-1304, enacted by Ga. L. 1974, p. 705, § 1.)
RESEARCH REFERENCES
ALR.
- Power of bank or trust company to create trust out of its securities and sell participation certificates therein, 97 A.L.R. 1182.
Disclaimer: These codes may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
