O.C.G.A.

O.C.G.A. § 53-12-344 (2019)

Language invoking application of article

✓ 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.
Find cases: SyfertCases citing this section GA-LEGlegis.ga.gov (official) JustiaJustia CornellLII Search CasesGoogle Scholar

The following terminology or comparable language in the provisions of a trust, unless otherwise limited or modified, shall authorize any investment or strategy permitted under this article and Article 17 of this chapter: ‘‘investments permissible by law for investment of trust funds,’’ ‘‘legal investments,’’ ‘‘authorized investments,’’ ‘‘using the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital,’’ ‘‘prudent man rule,’’ ‘‘prudent trustee rule,’’ ‘‘prudent person rule,’’ and ‘‘prudent investor rule.’’

History

Code 1981, § 53-12-344, enacted by Ga. L. 2010, p. 579, § 1/SB 131; Ga. L. 2011, p. 752, § 53/HB 142.

Annotations

The 2011 amendment, effective May 13, 2011, part of an Act to revise, modernize, and correct the Code, substituted "under this article and Article 17" for "under Article 16 and 17" in this Code section.