Any financial institution authorized by law to act as both a bank and a trust company shall enjoy and be subject to the powers and restrictions of a bank of its type in regard to its banking activities and in like manner shall enjoy and be subject to the powers and restrictions of a trust company in regard to its trust activity. With respect to general corporate matters not identified with either banking or trust functions, it shall have the privileges and restrictions of a bank of its type.
(Code 1933, § 41A-1101, enacted by Ga. L. 1974, p. 705, § 1.)
Law reviews.- For article, "An Argument Evaluating Price Controls on Bank Credit Cards in Light of Certain Reemerging Common Law Doctrines," see 9 Ga. St. U.L. Rev. 797 (1993). For article, "An Economic Perspective on Interest Rate Limitations," see 9 Ga. St. U.L. Rev. 821 (1993). For article, "Regulating Bank Reputation Risk," see 54 Ga. L. Rev. 523 (2020).
RESEARCH REFERENCES
Am. Jur. 2d.
- 10 Am. Jur. 2d, Banks and Financial Institutions, § 595 et seq.
C.J.S.- 9 C.J.S., Banks and Banking, §§ 650, 661.
ALR.
- Power of banking corporation to loan money for others, 33 A.L.R. 597.