Georgia § 8-4-12 - Investment in projects; acquisition, development, and sale of lands and improvements in project areas.
Full text of Georgia Official Code of Georgia Annotated § 8-4-12 — Investment in projects; acquisition, development, and sale of lands and improvements in project areas., with citation guidance and answers to common questions.
§ 8-4-12. Investment in projects; acquisition, development, and sale of lands and improvements in project areas.
Notwithstanding any restriction or limitation on investments contained in any other laws of this state, any building and loan association, any savings and loan association, any investment company, or any insurance company or association is authorized: To invest its funds in projects contemplated by this chapter; To acquire and hold land; To acquire or erect apartment, tenement, or other dwelling houses, not including hotels but including accommodations for retail stores, shops, offices, and other community services reasonably incidental to such projects; to own, maintain, manage, and collect or receive income from such apartment, tenement, or other dwelling houses; and To sell or convey such land and the improvements thereon. (Ga. L. 1946, p. 157, § 10; Ga. L. 1951, p. 683, § 6.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 8-4-12
What does Official Code of Georgia Annotated § 8-4-12 cover?
Section 8-4-12 ("Investment in projects; acquisition, development, and sale of lands and improvements in project areas.") 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 § 8-4-12?
A common citation format is "Official Code of Georgia Annotated § 8-4-12" (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 § 8-4-12 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.