O.C.G.A.
O.C.G.A. § 53-12-212 (2019)
Extra compensation
✓ 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) A trustee who is receiving compensation as described in subsection (c) of Code Section 53-12-210 may petition the court for compensation that is greater than the compensation allowed under that subsection. Notice of the petition for extra compensation shall be given to all qualified beneficiaries.
(b) After hearing any objection, the court shall allow such extra compensation as the court deems reasonable. The allowance of extra compensation shall be conclusive as to all parties in interest.
History
Code 1981, § 53-12-212, enacted by Ga. L. 2010, p. 579, § 1/SB 131; Ga. L. 2018, p. 262, § 16/HB 121.
Annotations
Law reviews. - For article on the 2018 amendment of this Code section, see 35 Ga. St. U. L. Rev. 219 (2018).
Notes of Decisions
Cited in 1
case, 2012–2012 · leading case: Reliance Trust Co. v. Candler, 726 S.E.2d 636 (Ga. Ct. App. 2012).
Reliance Trust Co. v. Candler, 726 S.E.2d 636 (Ga. Ct. App. 2012). “Citing OCGA § 53-12-212 (b) (2009) of the former Georgia Trust Code, Reliance’s request to charge specifically sought the following definition: Principal is the property which has been set aside by the owner or the person legally empowered so that it is held in trust eventually…”
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