30-10-8. Liability of trustees.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

No trustee, cotrustee, successor cotrustee, or successor trustee serving pursuant to the provisions of this chapter shall at any time be liable for any mistake of law or fact, or of both law and fact, or errors of judgment, or for any loss sustained by a community trust, or by any life beneficiary, or by any other person, except through actual fraud or willful misconduct on the part of such trustee, cotrustee, successor cotrustee, or successor trustee.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 30-10-8, enacted by Ga. L. 1996, p. 804, § 2; Ga. L. 1997, p. 576, § 4.

Code Commission notes

Pursuant to Code Section 28-9-5, in 1996, ‘‘Community Trust’’ was lower-cased in one place and ‘‘cotrustee’’ was substituted for ‘‘co-trustee’’ in three places.

Law reviews

For article commenting on the 1997 amendment of this Code section, see 14 Ga. St. U.L. Rev. 167 (1997).

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t27-t30-(v22)-2018-pdf.pdf, Volume V22, 2018 edition, page 860; merge action: carried; file SHA-256 62359f240c92.

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