As used in this article, the term:
History. Code 1981, § 53-12-500 , enacted by Ga. L. 2018, p. 262, § 25/HB 121; Ga. L. 2020, p. 377, § 1-87/HB 865.
The 2020 amendment, effective January 1, 2021, in paragraph (2), substituted “: (A) Designate” for “designate”, added a semicolon at the end of present subparagraph (2)(A), and added subparagraphs (2)(B) and (2)(C); in paragraph (3), substituted “in a capacity other than” for “while the person is not serving” in the first sentence and in the second sentence, substituted “where” for “when”, substituted “and all” for “a power to represent a beneficiary, other than a power under Code Section 53-12-8; and, except as otherwise provided in the trust instrument, any”, and added “held by the trust director pursuant to subsection (a) of Code Section 53-12-502”; and, in paragraph (4), substituted “in a capacity other than” for “while the person is not serving”, substituted “whether” for “how”, and inserted “as a trust director”.
Law reviews.
For article on the 2018 enactment of this article, see 35 Ga. St. U. L. Rev. 219 (2018).
For annual survey on wills, trusts, guardianships, and fiduciary administration, see 70 Mercer L. Rev. 275 (2018).
Structure Georgia Code
Title 53 - Wills, Trusts, and Administration of Estates
§ 53-12-501. Application of Article; Construction of Trust Instrument
§ 53-12-502. Authority, Procedures, and Powers of Trust Directors
§ 53-12-503. Role of Directors; Petitioning Court for Instructions