O.C.G.A.

O.C.G.A. § 53-12-81 (2019)

Limitations on creditors’ rights to discretionary distributions

✓ 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 transferee or creditor of a beneficiary shall not compel the trustee or a trust director to pay any amount that is payable only in the discretion of the trustee or trust director regardless of whether the discretion is expressed in the form of a standard of distribution, including, but not limited to, health, education, maintenance, and support, and whether such trustee or trust director is also a beneficiary. This Code section shall not apply to the extent of the proportion of trust property attributable to the beneficiary’s contribution.

History

Code 1981, § 53-12-81, enacted by Ga. L. 2010, p. 579, § 1/SB 131; Ga. L. 2018, p. 262, § 12/HB 121; Ga. L. 2020, p. 377, § 1-78/HB 865. The 2020 amendment, effective January 1, 2021, in the first sentence of this Code section, inserted ‘‘or a trust director’’ following ‘‘compel the trustee’’, substi-

tuted ‘‘discretion of the trustee or trust director’’ for ‘‘trustee’s discretion’’, and inserted ‘‘or trust director’’ following ‘‘such trustee’’.

Annotations

Law reviews. - For article on the 2018 amendment of this Code section, see 35 Ga. St. U. L. Rev. 219 (2018).