Ga. Code § 7-1-318

Current through 2023-2024 Legislative Session Chapter 709
Section 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.

OCGA § 7-1-318

Added by 2017 Ga. Laws 57,§ 8, eff. 6/1/2017.