lawskills
Loading
Did you know you can download our entire database for free?


Resources
[more] 

Georgia Caselaw:
Browse
Greatest Hits

Georgia Code: Browse

(external) Findlaw Georgia Law Resources


This site exists because of donors like you.

Thanks!


Georgia State Code
Title       7
Chapter       1  
Section Navigation     1 ... 10         11 ... 38    
    39 ... 64         65 ... 74    
    75 ... 94         95 ... 112   
   113 ... 134       150 ... 159   
   160 ... 169       170 ... 192   
   193 ... 202       203 ... 230   
   231 ... 239.5     240 ... 280   
     281 ... 290       291 ... 314   
   315 ... 332       333 ... 353   
   354 ... 372       390 ... 410   
   411 ... 430       431 ... 440   
   441 ... 484       485 ... 494   
   510 ... 532       533 ... 554   
   555 ... 593       594 ... 608   
   609 ... 625       626 ... 628.7 
 628.8 ... 631       632 ... 653   
   654 ... 663       664 ... 682   
   683 ... 692       700 ... 708   
   709 ... 718       719 ... 741   
   742 ... 751       752 ... 772   
   773 ... 782       783 ... 792   
   793 ... 814       815 ... 842   
   843 ... 912       913 ... 945   
   946 ... 955       956 ... 1003.3
1003.4 ... 1012     1013 ... 1021    
Section<<< 281 282 283 284 285 286 287 288 289 290 >>>  
Title 7, Chapter 1, Section 284 (7-1-284)

(a) A bank may accept drafts upon it having not more than nine months' sight to run arising out of transactions involving:

(1) The import or export of goods;

(2) The domestic shipment of goods, if secured by documents of title covering such goods; or

(3) The storage of readily marketable staples, if secured by documents of title covering such staples.

(b) The aggregate amount of acceptances under subsection (a) of this Code section shall not at any time exceed, for all such acceptances on behalf of one customer, 15 percent of the statutory capital base of the bank, exclusive of any acceptance secured by documents of title or other security growing out of the same transaction as the acceptance.

(c) In addition, a bank may, with the prior approval of the department, accept drafts having not more than three months' sight to run drawn upon it by banking institutions or bankers in foreign countries or in dependencies or insular possessions of the United States for the purpose of creating dollar exchange as required in an aggregate amount which shall not at any time exceed:

(1) For all such acceptances on behalf of a single banking institution or banker, 10 percent of the statutory capital base;

(2) For all such acceptances, 50 percent of the statutory capital base, provided that the department may, by regulation, impose additional restrictions on the acceptance of drafts under this subsection.

Sunday May 24 20:27 EDT


This site exists because of donors like you.

Thanks!


Valid HTML 4.0!

Valid CSS!





Home - Tour - Disclaimer - Privacy - Contact Us
Copyright © 2000,2002,2004 Lawskills.com