Any trust account may be paid, on request, to any trustee. Payment may be made to the personal representative or heirs of a deceased trustee if proof of death is presented to the financial institution showing that his or their decedent was the survivor of all other persons named on the account either as trustee or beneficiary, unless:
Payment may be made, on request, to a beneficiary or beneficiaries or the heirs or representative of a beneficiary or beneficiaries upon presentation to the financial institution of proof of death showing that the beneficiary or beneficiaries survived all persons named as trustees.
History. Code 1933, § 41A-3810, enacted by Ga. L. 1976, p. 1388, § 8.
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 8 - Multiple-Party Accounts
§ 7-1-812. Ownership During Lifetime
§ 7-1-813. Rights of Survivorship
§ 7-1-814. Changing Terms of Account
§ 7-1-815. Survivorship Transfers Nontestamentary
§ 7-1-817. Financial Institution Protection — Payment From Joint Account After Death or Disability
§ 7-1-818. Financial Institution Protection — Payment of p.o.d. Account
§ 7-1-819. Financial Institution Protection — Payment of Trust Account
§ 7-1-821. Financial Institution Protection — Right to Setoff