O.C.G.A.

O.C.G.A. § 53-12-156 (2019)

Investments by trustees

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
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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In addition to investments in any property, the trustee of a trust created under Code Section 53-12-151 may invest any funds of the trust estate in investments authorized by trustees under the laws of this state; provided, however, that the deed creating the estate may further limit or expand the powers and authority of the trustee with respect to investments, including the power to invest in property located outside this state. The trustee shall be authorized and empowered, in accordance with the terms of the deed creating the estate, from corpus or from income or from both, to repurchase or redeem any issued and outstanding certificates of beneficial interest.

History

Code 1981, § 53-12-156, enacted by Ga. L. 2010, p. 579, § 1/SB 131.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. - 76 Am. Jur. 2d, Trusts, § 432. C.J.S. - 90A C.J.S., Trusts, § 325. ALR. - Authorization or approval by

court of investments which are ‘‘nonlegal’’ or contrary to the terms of the trust instrument, 170 A.L.R. 1219.