Official Code of Georgia Annotated

Title 53. WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES · Chapter 12. TRUSTS · Article 16. TRUST INVESTMENTS · Part 1. INVESTMENTS GENERALLY

53-12-342. Duties at inception of trusteeship.

Active

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

Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets in order to bring the trust portfolio into compliance with the purposes, provisions, distributions requirements, and other circumstances of the trust and with the requirements of this article.

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.

Code 1981, § 53-12-342, enacted by Ga. L. 2010, p. 579, § 1/SB 131.

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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 928; merge action: carried; file SHA-256 062775612dfc.