Georgia Commons7-1-314. Purchase in fiduciary capacity of securities underwritten by syndicate including institution.
The only printed version. Current through: Including Acts of the 2025 Regular Session of the General Assembly.
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.