§ 7-1-331 - Organization; approval by department - Georgia Statutes

O.C.G.A. 7-1-331 (2010)
7-1-331. Organization; approval by department

Any one or more trust institutions may cause a fiduciary investment company or companies to be organized and incorporated, but no trust institution or foreign trust institution may own an interest in more than seven fiduciary investment companies. A fiduciary investment company shall not begin business, except to select an investment adviser, until it is approved by the department.