Georgia Code
Part 1 - Investments Generally
§ 53-12-340. Investment Standard

History. Code 1981, § 53-12-340 , enacted by Ga. L. 2010, p. 579, § 1/SB 131; Ga. L. 2020, p. 377, § 1-86/HB 865.
The 2020 amendment, effective January 1, 2021, in subsection (a), in the first sentence, substituted “A trustee shall invest and manage trust assets as a prudent investor would by” for “In investing and managing trust property, a trustee shall exercise the judgment and care under the circumstances then prevailing of a prudent person acting in a like capacity and familiar with such matters,” and inserted “, and other circumstances” and added the second sentence; added present subsections (b), (d), (f), (g), and (i) and redesignated former subsections (b), (c), (d) and (f) as present subsections (c), (e), (h) and (j); substituted a semicolon for a comma in paragraph (c)(4); deleted former subsection (e), which read: “A trustee may invest in any kind of property or type of investment consistent with the standards of this article.”; and added “, if the costs are otherwise appropriate and reasonable in relation to the assets” at the end of subsection (j).
Law reviews.
For article with annual survey on wills, trusts, guardianships, and fiduciary administration, see 73 Mercer L. Rev. 281 (2021).

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