§ 53-7-33 - (Pre-1998 Probate Code) Relief of banks and trust companies from giving bond; effect of bonds previously given - Georgia Statutes

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Statutes > Georgia > Title-53 > Chapter-7 > Article-2 > 53-7-33

O.C.G.A. 53-7-33 (2010)
53-7-33. (Pre-1998 Probate Code) Relief of banks and trust companies from giving bond; effect of bonds previously given

Any law to the contrary notwithstanding, a national banking association organized under the laws of the United States or a bank or trust company organized under the laws of this state which has qualified as administrator of the estate of a decedent, as executor of any will probated in this state, or as trustee of any trust created under or governed by the laws of this state shall not be required to give bond for the faithful performance of its duties in any such fiduciary capacity unless the combined capital, surplus, and undivided profits of the national bank, state bank, or trust company are less than $400,000.00, as reflected in the last statement filed by the national bank, state bank, or trust company with the comptroller of the currency of the United States or the commissioner of banking and finance or unless the instrument under which it has qualified or may qualify expressly provides that it shall give bond.

State Codes and Statutes

Statutes > Georgia > Title-53 > Chapter-7 > Article-2 > 53-7-33

O.C.G.A. 53-7-33 (2010)
53-7-33. (Pre-1998 Probate Code) Relief of banks and trust companies from giving bond; effect of bonds previously given

Any law to the contrary notwithstanding, a national banking association organized under the laws of the United States or a bank or trust company organized under the laws of this state which has qualified as administrator of the estate of a decedent, as executor of any will probated in this state, or as trustee of any trust created under or governed by the laws of this state shall not be required to give bond for the faithful performance of its duties in any such fiduciary capacity unless the combined capital, surplus, and undivided profits of the national bank, state bank, or trust company are less than $400,000.00, as reflected in the last statement filed by the national bank, state bank, or trust company with the comptroller of the currency of the United States or the commissioner of banking and finance or unless the instrument under which it has qualified or may qualify expressly provides that it shall give bond.

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State Codes and Statutes

Statutes > Georgia > Title-53 > Chapter-7 > Article-2 > 53-7-33

O.C.G.A. 53-7-33 (2010)
53-7-33. (Pre-1998 Probate Code) Relief of banks and trust companies from giving bond; effect of bonds previously given

Any law to the contrary notwithstanding, a national banking association organized under the laws of the United States or a bank or trust company organized under the laws of this state which has qualified as administrator of the estate of a decedent, as executor of any will probated in this state, or as trustee of any trust created under or governed by the laws of this state shall not be required to give bond for the faithful performance of its duties in any such fiduciary capacity unless the combined capital, surplus, and undivided profits of the national bank, state bank, or trust company are less than $400,000.00, as reflected in the last statement filed by the national bank, state bank, or trust company with the comptroller of the currency of the United States or the commissioner of banking and finance or unless the instrument under which it has qualified or may qualify expressly provides that it shall give bond.