Georgia § 7-1-320 - Definitions.
Full text of Georgia Official Code of Georgia Annotated § 7-1-320 — Definitions., with citation guidance and answers to common questions.
§ 7-1-320. Definitions.
As used in this part, the term: "Affiliate transfer" means a transfer by which a bank or trust company delegates, assigns, or transfers to an affiliated trust company or to an affiliated bank which has received the required approvals from the appropriate regulatory authorities to exercise trust powers all of its rights, powers, privileges, accounts, and designations with respect to one or more of its various capacities as fiduciary. "Affiliated trust company" means a trust company which is affiliated with a bank. A trust company shall be considered an affiliate with a bank in accordance with the definition of such term set forth in paragraph (1) of Code Section 7-1-4. For the purposes of this part, the term affiliated trust company shall also include an affiliated bank which has received the required approvals from the appropriate regulatory authorities to exercise trust powers. "Bank" means a corporation as defined in either paragraph (7) or (23) of Code Section 7-1-4 and having its principal place of business in Georgia. "Fiduciary" means a bank or trust company acting in such capacity as set forth in paragraph (20) of Code Section 7-1-4 or as further defined by regulations of the department. "Trust company" means a corporation as defined in paragraph (40) of Code Section 7-1-4 or a national bank having: Authority to conduct business only to the extent of its trust powers as provided in 12 U.S.C. Section 92a; and A principal place of business in Georgia. (Code 1981, § 7-1-320 , enacted by Ga. L. 1986, p. 1244, § 1; Ga. L. 1993, p. 915, § 1.) Law reviews. - For note on 1993 amendment of this Code section, see 10 Ga. St. U.L. Rev. 9 (1993).
Frequently Asked Questions About Georgia § 7-1-320
What does Official Code of Georgia Annotated § 7-1-320 cover?
Section 7-1-320 ("Definitions.") 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 § 7-1-320?
A common citation format is "Official Code of Georgia Annotated § 7-1-320" (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 § 7-1-320 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.