---
title: O.C.G.A. § 7-1-283. Participations.
collection: code
id: 7-1-283
cite_as: O.C.G.A. § 7-1-283 (2025)
canonical_url: https://georgiacommons.org/code/7-1-283
md_url: https://georgiacommons.org/code/7-1-283.md
text_url: https://georgiacommons.org/code/7-1-283/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=166
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: BANKING AND FINANCE / FINANCIAL INSTITUTIONS / BANKS AND TRUST COMPANIES / POWERS OF BANKS
---

# O.C.G.A. § 7-1-283. Participations.

(a) A bank may purchase and may sell participations in:

(1) One or more evidences of indebtedness or agreements for the payment of money, subject to regulations by the department; or

(2) Pools of evidences of indebtedness or agreements for the payment of money, subject to regulations by the department.

(b) 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.

## History

Code 1933, § 41A-1304, enacted by Ga. L. 1974, p. 705, § 1.