Rule 80-13-1-.08 - Custody of Fiduciary Assets(1) A trust company shall place assets of fiduciary accounts in the joint custody or control of not fewer than two of the fiduciary officers or employees designated for that purpose by the Board of Directors. A trust company may maintain the investments of a fiduciary account off-premise, if consistent with applicable law and if the trust company maintains adequate safeguards and controls.(2) A trust company shall keep the assets of fiduciary accounts separate from the assets of the trust company. A trust company shall keep the assets of each fiduciary account separate from all other accounts or shall identify the investments as the property of a particular account, except as provided in 12 CFR § 9.18 for collective investment funds.Ga. Comp. R. & Regs. R. 80-13-1-.08
O.C.G.A. § 7-1-61.
Original Rule entitled "Custody of Fiduciary Assets" adopted. F. June 29, 2017; eff. July 19, 2017