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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

53-12-248. Exercise of power of appointment.

Active

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

  1. When a person holds a power of appointment, as defined in Code Section 53-12-500, over property with respect to which the person is also a trustee or a trust director, the duties imposed on such person as a trustee or trust director shall not apply to the exercise or nonexercise of the power of appointment.

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, § 53-12-248, enacted by Ga. L. 2025, p. 806, § 82/HB 327, effective July 1, 2025.

Effective date

This Code section became effective July 1, 2025.

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)-pdf.pdf, Volume V40, 2021 edition, 2025 supplement, pages 110 to 111; merge action: added; file SHA-256 d9d2be0e71ce.