TITLE 53 WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES

Section 12. (Revised Trust Code of 2010) Trusts, 53-12-1 through 53-12-506.

ARTICLE 18 TRUST DIRECTORS

53-12-506. Statutory provisions applicable to trust directors; defenses available to trust directors; jurisdiction.

1. Except as otherwise provided in the trust instrument, the rules applicable to a trustee shall apply to a trust director regarding:
   1. Appointment and vacancies under Code Section 53-12-201;
   2. Acceptance under Code Section 53-12-202;
   3. Giving of a bond under Code Section 53-12-203;
   4. Co-trustees under Code Section 53-12-204;
   5. Compensation and reimbursement of expenses under Code Sections 53-12-210 through 53-12-214;
   6. Resignation under Code Section 53-12-220;
   7. Removal under Code Section 53-12-221; and
   8. Service under Code Section 53-12-320.
2. In an action against a trust director for breach of trust, the trust director may assert the same defenses a trustee in a like position and under similar circumstances could assert in an action for breach of trust against the trustee.
3. By accepting appointment as a trust director of a trust subject to this article, a trust director submits to personal jurisdiction of the courts of this state regarding any matter related to a power or duty of a trust director. This subsection shall not preclude use of another method to obtain jurisdiction over a trust director.

(Code 1981, §53-12-506, enacted by Ga. L. 2018, p. 262, § 25/HB 121.)