Georgia Code
Article 18 - Trust Directors
§ 53-12-501. Application of Article; Construction of Trust Instrument

History. Code 1981, § 53-12-501 , enacted by Ga. L. 2018, p. 262, § 25/HB 121; Ga. L. 2020, p. 377, § 1-88/HB 865; Ga. L. 2021, p. 922, § 53/HB 497.
The 2020 amendment, effective January 1, 2021, in paragraph (b)(5), inserted “both” and substituted “trust instrument provides” for “terms of the trust provide” and, in subsection (c), substituted “granted to a person to designate a recipient of an ownership interest in or power over trust property that is exercisable in a capacity other than as a trustee is” for “that is both a power of appointment and a power of direction shall be deemed”.
The 2021 amendment, effective May 10, 2021, part of an Act to revise, modernize, and correct the Code, substituted “power is held” for “power must be held” in subparagraph (b)(5)(B).

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