Georgia § 7-1-314 - Purchase in fiduciary capacity of securities underwritten by syndicate including institution.
Full text of Georgia Official Code of Georgia Annotated § 7-1-314 — Purchase in fiduciary capacity of securities underwritten by syndicate including institution., with citation guidance and answers to common questions.
§ 7-1-314. Purchase in fiduciary capacity of securities underwritten by syndicate including institution.
A trust company or a financial institution with fiduciary powers may, in its fiduciary capacity, purchase securities underwritten by a syndicate which includes the financial institution or an affiliate of the financial institution, provided such purchase is otherwise prudent, not prohibited by the instrument governing the fiduciary relationship, and not otherwise inconsistent with regulations issued by the department. (Code 1981, § 7-1-314 , enacted by Ga. L. 1983, p. 602, § 10; Ga. L. 1989, p. 1249, § 7.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 7-1-314
What does Official Code of Georgia Annotated § 7-1-314 cover?
Section 7-1-314 ("Purchase in fiduciary capacity of securities underwritten by syndicate including institution.") 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 § 7-1-314?
A common citation format is "Official Code of Georgia Annotated § 7-1-314" (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 § 7-1-314 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.