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Georgia Commons

Código Oficial de Georgia Anotado

Título 7. BANKING AND FINANCE · Capítulo 1. FINANCIAL INSTITUTIONS · Artículo 2. BANKS AND TRUST COMPANIES · Parte 5. FIDUCIARY INVESTMENT COMPANIES

7-1-337. Investment advisers.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. No person shall serve or act as investment adviser of a fiduciary investment company except pursuant to a written contract which has been approved by the vote of a majority of the outstanding voting securities of such fiduciary investment company and which:

  2. (1)

    Precisely describes all compensation to be paid thereunder;#

  3. (2)

    Shall continue in effect for a period more than two years from the date of its execution only so long as such continuance is specifically approved at least annually by the board of directors or by vote of a majority of the outstanding voting securities of such company;#

  4. (3)

    Provides, in substance, that it may be terminated at any time, without the payment of any penalty, by the board of directors of such company or by vote of a majority of the outstanding voting securities of such company on not more than 60 days’ written notice to the investment adviser; and#

  5. (4)

    Provides, in substance, for its automatic termination in the event of its assignment by the investment adviser.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Ga. L. 1970, p. 515, § 8; Code 1933, § 41A-1508, enacted by Ga. L. 1974, p. 705, § 1.

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t7-t8-(v5)-2024-pdf.pdf, Volumen V5, edición 2024, página 205; acción de fusión: carried; SHA-256 del archivo 5c69f28428d8.