---
title: O.C.G.A. § 20-3-562. Validity of prior trust provisions; substitution of trustee.
collection: code
id: 20-3-562
cite_as: O.C.G.A. § 20-3-562 (2025)
canonical_url: https://georgiacommons.org/code/20-3-562
md_url: https://georgiacommons.org/code/20-3-562.md
text_url: https://georgiacommons.org/code/20-3-562/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch3-18-(v17a)-2025-pdf.pdf?sfvrsn=10d12596_0#page=353
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: EDUCATION / POSTSECONDARY EDUCATION / GEORGIA MILITARY COLLEGE / FUNDING; DONATIONS; PROPERTY; SCHOLARSHIPS
---

# O.C.G.A. § 20-3-562. Validity of prior trust provisions; substitution of trustee.

Any trust fund or property, real, personal, or mixed, that may have been created prior to July 1, 1996, by will or otherwise, as a fund, gift, donation, or devise to any prior board of trustees of the college or to any executor or trustee to and for the benefit, use, or behoof of the college shall not lapse by virtue of any of the provisions of this article, but such trust shall remain valid and of full force and effect; and the beneficial interest under any such deed of gift, will, or other conveyance shall vest in the board of trustees as trustee to and for the use, benefit, and behoof of the college. In any case where provisions of any deed of gift, will, or other conveyance referred to in this Code section require a trustee and no trustee shall in any contingency exist, the board shall be and become a substituted trustee to carry out the beneficial purposes of such gift, devise, or conveyance.

## History

Code 1981, § 20-3-562, enacted by Ga. L. 1990, p. 579, § 1; Ga. L. 1996, p. 296, § 3.

## Code Commission Notes

Pursuant to Code Section 28-9-5, in 1991, a comma was added following “will” in the last sentence of this Code section.