Georgia § 47-2-32 - Personal interest in gains or profits from investments made by the board of trustees; unauthorized use of assets of the retirement system.
Full text of Georgia Official Code of Georgia Annotated § 47-2-32 — Personal interest in gains or profits from investments made by the board of trustees; unauthorized use of assets of the retirement system., with citation guidance and answers to common questions.
§ 47-2-32. Personal interest in gains or profits from investments made by the board of trustees; unauthorized use of assets of the retirement system.
Except as otherwise provided in this chapter, no trustee or employee of the board of trustees shall have any personal interest in the gains or profits from any investment made by it or use in any manner, directly or indirectly, for himself or as an agent, the assets of the retirement system, except to make such payments as are authorized by the board of trustees in accordance with this chapter. (Ga. L. 1949, p. 138, § 7.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 47-2-32
What does Official Code of Georgia Annotated § 47-2-32 cover?
Section 47-2-32 ("Personal interest in gains or profits from investments made by the board of trustees; unauthorized use of assets of the retirement system.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 47-2-32?
A common citation format is "Official Code of Georgia Annotated § 47-2-32" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 47-2-32 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.