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Código Oficial de Georgia Anotado

Título 53. WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES · Capítulo 12. TRUSTS · Artículo 13. TRUSTEES’ DUTIES AND POWERS · Parte 1. DUTIES OF TRUSTEE

53-12-243. Duty to provide reports and accounts.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    On reasonable request by any qualified beneficiary, the trustee shall provide the qualified beneficiary with a report of information, to the extent relevant to that beneficiary’s interest, about the assets, liabilities, receipts, and disbursements of the trust, the acts of the trustee, and the particulars relating to the administration of such trust, including the trust provisions that describe or affect such beneficiary’s interest.#

  2. (b)
    1. (1)

      A trustee shall account at least annually, at the termination of the trust, and upon a change of trustees to each beneficiary of an irrevocable trust to whom income or principal is required or authorized in the trustee’s discretion to be distributed during the period covered by the report, including upon the termination of the trust on the last day of such period, and to any person who may revoke the trust. Upon a change of trustees, the trustee shall also account to the successor trustee.#

    2. (2)

      An accounting furnished to a beneficiary pursuant to paragraph (1) of this subsection shall contain a statement of receipts and disbursements of principal and income that have occurred during the last complete fiscal year of the trust or since the last accounting to that beneficiary and a statement of the assets and liabilities of the trust as of the end of the accounting period.#

  3. (c)

    A trustee shall not be required to report information or account to:#

    1. (1)

      A beneficiary who has waived in writing the right to a report or accounting and has not withdrawn that waiver; or#

    2. (2)

      The unascertainable charitable beneficiaries of a trust that is not a charitable trust.#

  4. (d)

    Subsections (a) and (b) of this Code section and the common law duty of the trustee to keep the beneficiaries of the trust reasonably informed of the trust and its administration shall not apply to the extent that the provisions of the trust provide otherwise or the settlor of the trust directs otherwise in a writing delivered to the trustee.#

  5. (e)

    Nothing in this Code section shall affect the power of a court to require or excuse an accounting.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 53-12-243, enacted by Ga. L. 2010, p. 579, § 1/SB 131; Ga. L. 2018, p. 262, § 19/HB 121; Ga. L. 2020, p. 377, § 1-83/HB 865; Ga. L. 2025, p. 806, § 81/HB 327, effective July 1, 2025.

Amendments

The 2025 amendment, effective July 1, 2025, in paragraph (b)(1), inserted “or principal” following “income” and substituted “during the period covered by the report, including upon the termination of the trust on the last day of such period” for “currently”, deleted the former second sentence, which read: “At the termination of the trust, the trustee shall also account to each remainder beneficiary.”; added the paragraph (c)(1) designation; added “; or” at the end of paragraph (c)(1); and added paragraph (c)(2).

Law reviews

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

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t52-t53-(v40)-pdf.pdf, Volumen V40, edición 2021, suplemento de 2025, páginas 109 a 110; acción de fusión: replaced; SHA-256 del archivo d9d2be0e71ce.