§ 7-1-318. Prohibition on pledging or creating a lien by trust companies; void actions

GA Code § 7-1-318 (2018) (N/A)
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(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.