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Official Code of Georgia Annotated

Title 53. WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES · Chapter 12. TRUSTS · Article 18. TRUST DIRECTORS

53-12-506. Eligibility; applicable rules.

Active

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

  1. (a)

    An individual shall be eligible to serve as a trust director regardless of citizenship or residency. If the trust director is a corporation, partnership, or other entity, it shall be required to have the power to act as a trustee in Georgia.#

  2. (b)

    The rules applicable to a trustee apply to a trust director regarding:#

    1. (1)

      Jurisdiction under Code Section 53-12-6;#

    2. (2)

      All matters governed by Article 11 of this chapter, including, but not limited to, appointment and acceptance, compensation, and resignation and removal; and#

    3. (3)

      Accounting under Article 12 of this chapter.#

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, § 53-12-506, enacted by Ga. L. 2018, p. 262, § 25/HB 121; Ga. L. 2020, p. 377, § 1-92/HB 865; Ga. L. 2025, p. 806, § 95/HB 327, effective July 1, 2025.

Amendments

The 2025 amendment, effective July 1, 2025, rewrote this Code section.

Law reviews

For article with annual survey on wills, trusts, guardianships, and fiduciary administration, see 73 Mercer L. Rev. 281 (2021).

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 134 to 135; merge action: replaced; file SHA-256 d9d2be0e71ce.