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