Official Code of Georgia Annotated

Title 53. WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES · Chapter 12. TRUSTS · Article 13. TRUSTEES’ DUTIES AND POWERS · Part 1. DUTIES OF TRUSTEE

53-12-240. Duties generally.

Active

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

(a)
The duties contained in this part are in addition to and not in limitation of the common law duties of the trustee, except to the extent inconsistent therewith.#
(b)
Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, in accordance with its provisions and purposes.#

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, § 53-12-240, enacted by Ga. L. 2010, p. 579, § 1/SB 131.

Law reviews

For article, ‘‘The Scope of Permissible Investments by Fiduciaries Under Georgia Law,’’ see 19 Ga. St. B.J. 6 (1982).

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 t52-t53-(v40)-2021-pdf.pdf, Volume V40, 2021 edition, page 880; merge action: carried; file SHA-256 062775612dfc.

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