A personal representative is authorized to invest estate funds in real property after first obtaining an order to that effect from the probate court or from the superior court. Service shall be made as provided in Chapter 11 of this title to the heirs of an intestate estate or the beneficiaries of a will. The court shall be authorized to grant the order immediately if the heirs or beneficiaries acknowledge service and consent to the petition or at any time after ten days after perfection of service.
History. Code 1981, § 53-8-2 , enacted by Ga. L. 1996, p. 504, § 10.
Law reviews.
For note discussing and comparing the prudent man rule and the legal list rule in trustee investment, see 15 Mercer L. Rev. 530 (1964).
Structure Georgia Code
Title 53 - Wills, Trusts, and Administration of Estates
Chapter 8 - Investments, Sales, and Conveyances
§ 53-8-3. Securities, Obligations, and Interest-Bearing Deposits
§ 53-8-4. Government Obligations; Standard of Prudence; Corporate Fiduciaries
§ 53-8-5. Retention of Property by Personal Representative; Corporate Fiduciaries