CHAPTER 12 - TRUSTS
- ARTICLE 1 - GENERAL PROVISIONS
- ยง 53-12-1 - Short title; effect on existing trusts
- ยง 53-12-2 - Definitions
- ยง 53-12-3 - Survival of common law and equity
- ยง 53-12-4 - Law governing the validity of the trust
- ยง 53-12-5 - Law governing the meaning and effect of trust provisions
- ยง 53-12-6 - Jurisdiction
- ยง 53-12-7 - When trust and chapter conflict
- ARTICLE 2 - CREATION AND VALIDITY OF EXPRESS TRUSTS
- ยง 53-12-20 - Express trusts
- ยง 53-12-21 - Formal and precatory words
- ยง 53-12-22 - Trust purposes and conditions in terrorem
- ยง 53-12-23 - Capacity of settlor
- ยง 53-12-24 - Non-merger
- ยง 53-12-25 - Transfer of property to trust
- ยง 53-12-26 - Additions to trust property
- ยง 53-12-27 - Construction; parol evidence
- ยง 53-12-28 - Trusts for animals
- ARTICLE 3 - REVOCABLE TRUSTS
- ยง 53-12-40 - Revocation and modification generally
- ยง 53-12-41 - Trustee's consent necessary to enlarge duties
- ยง 53-12-42 - Notice to trustee
- ยง 53-12-43 - Power of agent or conservator to revoke trust
- ยง 53-12-44 - Trust not revocable because life estate holder has reversion
- ยง 53-12-45 - Limitation on action contesting validity of revocable trust
- ARTICLE 4 - REFORMATION, MODIFICATION, DIVISION, CONSOLIDATION, AND TERMINATION OF TRUSTS
- ARTICLE 5 - SPENDTHRIFT PROVISIONS AND CREDITORS' RIGHTS AND CLAIMS
- ARTICLE 6 - TESTAMENTARY ADDITIONS TO TRUSTS
- ARTICLE 7 - IMPLIED TRUSTS
- ARTICLE 8 - CREATION BY DEED TO ACQUIRE BENEFICIAL INTEREST
- ยง 53-12-150 - Definitions
- ยง 53-12-151 - Deeds to interests in property
- ยง 53-12-152 - Filing of deeds and amendments thereto; filing of copies with Secretary of State
- ยง 53-12-153 - Name of trust
- ยง 53-12-154 - Certificates of beneficial interest by trustees
- ยง 53-12-155 - Duties and powers of trustees; resignation or removal; successor trustees
- ยง 53-12-156 - Investments by trustees
- ยง 53-12-157 - Initial and annual returns
- ยง 53-12-158 - How title vests on termination of estate
- ยง 53-12-159 - Merger of trust into a domestic corporation
- ARTICLE 9 - CHARITABLE TRUSTS
- ยง 53-12-170 - Definition; charitable purposes
- ยง 53-12-171 - Power to select purposes or beneficiaries
- ยง 53-12-172 - Cy pres
- ยง 53-12-173 - Duration of charitable trusts
- ยง 53-12-174 - Attorney general or district attorney as representative of charitable beneficiaries
- ยง 53-12-175 - Enforcement by settlor
- ARTICLE 10 - PRIVATE FOUNDATIONS
- ARTICLE 11 - TRUSTEES
- ARTICLE 12 - ACCOUNTING BY TRUSTEE
- ARTICLE 13 - TRUSTEES' DUTIES AND POWERS
- ARTICLE 14 - TRUSTEE LIABILITY
- ยง 53-12-300 - Accountable to beneficiary; breach of trust
- ยง 53-12-301 - Actions for breach of trust
- ยง 53-12-302 - Damages for breach of trust; interest
- ยง 53-12-303 - Relief of liability
- ยง 53-12-304 - Liability of successor trustee
- ยง 53-12-305 - Liability of cotrustee
- ยง 53-12-306 - Action against cotrustee
- ยง 53-12-307 - Limitation of actions
- ยง 53-12-308 - Personal liability of trustee
- ARTICLE 15 - NONRESIDENTS AND FOREIGN ENTITIES ACTING AS TRUSTEES
- ยง 53-12-320 - Nonresidents acting as trustees
- ยง 53-12-321 - Foreign entities acting as trustees
- ยง 53-12-322 - Acting as fiduciary not transacting business in state; establishment of place of business prohibited
- ยง 53-12-323 - Filing statement with Secretary of State; appointment of agent for service
- ARTICLE 16 - TRUST INVESTMENTS
- ARTICLE 17 - GEORGIA PRINCIPAL AND INCOME ACT
- ARTICLE 18 - ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST
- ยง 53-12-450 - Disbursements from income
- ยง 53-12-451 - Disbursements from principal
- ยง 53-12-452 - Transfers from income to principal for depreciation
- ยง 53-12-453 - Transfers from income to reimburse principal
- ยง 53-12-454 - Income taxes
- ยง 53-12-455 - Adjustments between principal and income because of taxes