O.C.G.A.

O.C.G.A. § 53-12-173 (2019)

Duration of charitable trusts

✓ 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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A charitable trust shall be valid even though under the trust provisions it is to continue for an indefinite or unlimited period.

History

Code 1981, § 53-12-173, enacted by Ga. L. 2010, p. 579, § 1/SB 131.

Notes of Decisions

Cited in 2 cases, 1996–2008 · leading case: Jordan v. Stephens, 470 S.E.2d 733 (Ga. Ct. App. 1996).

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Jordan v. Stephens, 470 S.E.2d 733 (Ga. Ct. App. 1996). · cites it 8× “I, respectfully, dissent as it is my view that Georgia's longstanding rule requiring fiduciaries to stand in a position of complete loyalty to their charge prevents Stephens from benefiting beyond the compensation specifically provided pursuant to OCGA § 53-12-173. On August 28,…”

In Re Est. of Moore, 664 S.E.2d 259 (Ga. Ct. App. 2008). · cites it 4× “” OCGA § 53-12-173 (a). If the trustee’s compensation is not so specified, then “the trustee, for services rendered, shall be entitled to the same compensation as conservators receive for similar services *238 as set forth in Code Section 29-5-50.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.