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

O.C.G.A. § 53-12-158 (2019)

How title vests on termination of estate

✓ 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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Upon the termination of the estate created under Code Section 53-12-151, the legal title to all the property belonging to the estate which is then undisposed of shall pass to and vest in the persons who are, at that time, the beneficiaries of the estate, in shares corresponding to their respective interest as beneficiaries.

History

Code 1981, § 53-12-158, enacted by Ga. L. 2010, p. 579, § 1/SB 131.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. - 76 Am. Jur. 2d, Trusts, § 71. C.J.S. - 90 C.J.S., Trusts, § 93.

ALR. - Power of sale given trustee by will or trust instrument as surviving termination of trust, 43 A.L.R.2d 1102.