---
title: O.C.G.A. § 7-1-318. Prohibition on pledging or creating a lien by trust companies; void actions.
collection: code
id: 7-1-318
cite_as: O.C.G.A. § 7-1-318 (2025)
canonical_url: https://georgiacommons.org/code/7-1-318
md_url: https://georgiacommons.org/code/7-1-318.md
text_url: https://georgiacommons.org/code/7-1-318/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=195
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.
up: https://georgiacommons.org/code/7-1.md
previous: https://georgiacommons.org/code/7-1-317.md
next: https://georgiacommons.org/code/7-1-320.md
index: https://georgiacommons.org/code/index.md
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 TRUST COMPANIES
---

# O.C.G.A. § 7-1-318. Prohibition on pledging or creating a lien by trust companies; void actions.

(a) No trust company shall pledge or create a lien on any of its assets except to secure:

(1) The repayment of money borrowed; or

(2) Trust accounts administered by the trust company.

(b) An act, deed, conveyance, pledge, or contract in violation of this Code section shall be considered void.

## History

Code 1981, § 7-1-318, enacted by Ga. L. 2017, p. 193, § 8/HB 143.