§ 53-6-142 - (Pre-1998 Probate Code) Commissions where successive administrators or executors handle fund - Georgia Statutes

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Statutes > Georgia > Title-53 > Chapter-6 > Article-6 > 53-6-142

O.C.G.A. 53-6-142 (2010)
53-6-142. (Pre-1998 Probate Code) Commissions where successive administrators or executors handle fund

Where, from any cause, a trust fund passes through the hands of several administrators or executors, by reason of the death, removal, or resignation of the first qualified administrator, executor, or otherwise, the fund shall not be subject to diminution by charges of commissions by each successive administrator or executor holding and receiving in the same right. In such a case, commissions for receiving the fund shall be paid to the first administrator or executor or his representative, and commissions for paying out shall be paid to the administrator or executor actually disbursing the fund, and no commissions shall be paid for handing over the fund to the successor of an administrator or executor.

State Codes and Statutes

Statutes > Georgia > Title-53 > Chapter-6 > Article-6 > 53-6-142

O.C.G.A. 53-6-142 (2010)
53-6-142. (Pre-1998 Probate Code) Commissions where successive administrators or executors handle fund

Where, from any cause, a trust fund passes through the hands of several administrators or executors, by reason of the death, removal, or resignation of the first qualified administrator, executor, or otherwise, the fund shall not be subject to diminution by charges of commissions by each successive administrator or executor holding and receiving in the same right. In such a case, commissions for receiving the fund shall be paid to the first administrator or executor or his representative, and commissions for paying out shall be paid to the administrator or executor actually disbursing the fund, and no commissions shall be paid for handing over the fund to the successor of an administrator or executor.

State Codes and Statutes

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State Codes and Statutes

Statutes > Georgia > Title-53 > Chapter-6 > Article-6 > 53-6-142

O.C.G.A. 53-6-142 (2010)
53-6-142. (Pre-1998 Probate Code) Commissions where successive administrators or executors handle fund

Where, from any cause, a trust fund passes through the hands of several administrators or executors, by reason of the death, removal, or resignation of the first qualified administrator, executor, or otherwise, the fund shall not be subject to diminution by charges of commissions by each successive administrator or executor holding and receiving in the same right. In such a case, commissions for receiving the fund shall be paid to the first administrator or executor or his representative, and commissions for paying out shall be paid to the administrator or executor actually disbursing the fund, and no commissions shall be paid for handing over the fund to the successor of an administrator or executor.