Georgia § 7-1-318 - Prohibition on pledging or creating a lien by trust companies; void actions.
Full text of Georgia Official Code of Georgia Annotated § 7-1-318 — Prohibition on pledging or creating a lien by trust companies; void actions., with citation guidance and answers to common questions.
§ 7-1-318. Prohibition on pledging or creating a lien by trust companies; void actions.
No trust company shall pledge or create a lien on any of its assets except to secure: The repayment of money borrowed; or Trust accounts administered by the trust company. An act, deed, conveyance, pledge, or contract in violation of this Code section shall be considered void. (Code 1981, § 7-1-318 , enacted by Ga. L. 2017, p. 193, § 8/HB 143.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 7-1-318
What does Official Code of Georgia Annotated § 7-1-318 cover?
Section 7-1-318 ("Prohibition on pledging or creating a lien by trust companies; void actions.") 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 § 7-1-318?
A common citation format is "Official Code of Georgia Annotated § 7-1-318" (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 § 7-1-318 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.