Nonprofit corporation(s) referred to in Code Section 14-5-40 created prior to April 1, 1969, or created thereafter pursuant to this article are authorized to act in their corporate capacity as trustee to administer and carry into effect any charitable trust created prior to April 1, 1969, or thereafter created by deed or by will which is consistent with their corporate purposes.
History. Ga. L. 1889, p. 161, § 5; Civil Code 1895, § 2367; Civil Code 1910, § 2840; Code 1933, § 22-405; Code 1933, § 22-5503, enacted by Ga. L. 1968, p. 565, § 1.
Structure Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 5 - Miscellaneous Provisions Relating to Corporations
Article 3 - Corporations Organized for Religious, Fraternal, or Educational Purposes
§ 14-5-40. Applicability of Chapter 3 of Title
§ 14-5-41. Validity of Contracts and Deposits; Enforcement
§ 14-5-42. Authority to Act as Trustee of Charitable Trust
§ 14-5-43. Church Represented by Majority; Effect of Withdrawal of Part of Congregation
§ 14-5-44. Church Edifice Liable to Sale for Debt
§ 14-5-45. Interference by Courts With Management of Church
§ 14-5-46. Conveyances to Churches or Religious Societies Confirmed
§ 14-5-47. Authority of Churches or Religious Societies Over Trustees Holding Land for Their Use
§ 14-5-49. Applicability of Code Sections 14-5-46 Through 14-5-48 to Other Societies
§ 14-5-50. Corporate Rights Generally
§ 14-5-51. Powers of Eleemosynary and Religious Corporations Extended