O.C.G.A.
O.C.G.A.

O.C.G.A. § 30-10-8 (2019)

Liability of trustees

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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No trustee, cotrustee, successor cotrustee, or successor trustee serving pursuant to the provisions of this chapter shall at any time be liable for any mistake of law or fact, or of both law and fact, or errors of judgment, or for any loss sustained by a community trust, or by any life beneficiary, or by any other person, except through actual fraud or willful misconduct on the part of such trustee, cotrustee, successor cotrustee, or successor trustee.

History

(Code 1981, § 30-10-8, enacted by Ga. L. 1996, p. 804, § 2; Ga. L. 1997, p. 576, § 4.)

Annotations

Code Commission notes. - Pursuant to Code Section 28-9-5, in 1996, ‘‘Community Trust’’ was lower-cased in one place and ‘‘cotrustee’’ was substituted for ‘‘co-trustee’’ in three places.

Law reviews. - For article commenting on the 1997 amendment of this Code section, see 14 Ga. St. U.L. Rev. 167 (1997).