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59 chapters · 1,235 sections in this title.
11 GCA § 162101 Definitions
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As used in this Chapter, unless the context otherwise requires: “Collective investment fund” means a fund maintained by a financial institution that consists solely of assets of retirement, pension, profit sharing, stock bonus or other trusts that are exempt from federal income t…
11 GCA § 162102 Establishment of Collective Investment Funds
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A financial institution may establish and maintain collective investment funds for the investment of assets of retirement, pension, profit sharing, stock bonus or other trusts that are exempt from federal income tax, and may invest assets of retirement, pension, profit sharing, s…
11 GCA § 162103 Written Plan
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(a) A financial institution shall establish and maintain a fund in accordance with a written plan approved by resolution by the board of directors of the financial institution, or by a committee authorized by the board. The plan's provisions shall be consistent with the provision…
11 GCA § 162104 Management of the Fund
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The financial institution shall have the exclusive management and control of each fund administered by it, and the sole right at any time to sell, convert, exchange, transfer, or otherwise change or dispose of the assets comprising within the fund, except as a prudent person migh…