• § 7-1-240 - Powers and Restrictions Applicable When Acting As Bank and Trust Company
  Any financial institution authorized by law to act as both a bank and a trust company shall enjoy and be subject to the powers...
• § 7-1-241 - Restrictions on Engaging in Banking Business
  (a) No person or corporation may lawfully engage in this state in the business of banking or receiving money for deposit or transmission or...
• § 7-1-242 - Restriction on Corporate Fiduciaries
  (a) No corporation, partnership, or other entity may lawfully act as a fiduciary in this state except: (1) A financial institution authorized to act...
• § 7-1-243 - Restrictions on Banking and Trust Nomenclature
  (a) Except as provided in subsection (c) of this Code section, no person or corporation except a bank, a national bank, or a corporation...
• § 7-1-244 - Deposit Insurance Requirements; Public Notices When Deposits Not Properly Insured
  (a) Every bank shall obtain and maintain deposit insurance satisfactory to the department; provided, however, that banks which have had their deposit insurance withdrawn...

Last modified: October 14, 2016