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Código Oficial de Georgia Anotado

Título 53. WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES · Capítulo 12. TRUSTS · Artículo 1. GENERAL PROVISIONS

53-12-9. Binding nonjudicial settlement agreement.

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)

    Except as provided in subsection (b) of this Code section, the trustee, any trust director, and all other persons whose interests would be affected may enter into a binding nonjudicial settlement agreement with respect to any matter involving the trust.#

  2. (b)

    A nonjudicial settlement agreement:#

    1. (1)

      Shall be valid only to the extent it does not violate a material purpose of the trust and includes terms and conditions that could be properly approved by the court under this chapter or other applicable law; and#

    2. (2)

      During the settlor’s lifetime, shall not be valid with respect to any modification or termination of an irrevocable trust when such modification or termination could be properly approved by the court only in a proceeding under subsection (b) of Code Section 53-12-61.#

  3. (c)

    The trustee, trust director, and any person whose interests would be affected by a nonjudicial settlement agreement may request that the court approve such agreement, determine whether the representation as provided in Code Section 53-12-8 was adequate, determine whether such agreement violates a material purpose of the trust, determine whether such agreement contains terms and conditions the court could have properly approved, or make any other similar determination.#

  4. (d)

    A nonjudicial settlement agreement entered into in accordance with this Code section shall be final and binding on all parties to such agreement, including parties who are represented by a person who may represent and bind such parties under Code Section 53-12-8, as if ordered by a court with competent jurisdiction over the trust, the trust property, and the parties.#

  5. (e)

    Entering into or petitioning a court regarding a nonjudicial settlement agreement under this Code section shall not constitute a violation of a condition in terrorem under Code Section 53-12-29.#

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, § 53-12-9, enacted by Ga. L. 2018, p. 262, § 5/HB 121; Ga. L. 2020, p. 377, § 1-73/HB 865; Ga. L. 2020, p. 493, § 53/SB 429; Ga. L. 2025, p. 806, § 67/HB 327, effective July 1, 2025.

Amendments

The 2025 amendment, effective July 1, 2025, substituted “chapter” for “Code section” in paragraph (b)(1); in paragraph (b)(2), substituted “During the settlor’s lifetime,” for “Shall” and substituted “such modification or termination could be properly approved by the court only in a proceeding” for “the settlor’s consent would be required in a proceeding to approve such modification or termination”; substituted “parties” for “individuals not sui juris, unborn beneficiaries, and persons unknown” in subsection (d); and substituted “Code Section 53-12-29” for “Code Section 53-12-22” in subsection (e).

Law reviews

For article with annual survey on wills, trusts, guardianships, and fiduciary administration, see 73 Mercer L. Rev. 281 (2021). For article, “Irrevocable Trust Modification: Clarifying Georgia Law,” see 28 Ga. St. B.J. 18 (October 2022).

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 87 a 88; acción de fusión: replaced; SHA-256 del archivo d9d2be0e71ce.