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O.C.G.A. § 53-12-83 — Creditors' claims against property that is subject to withdrawal right | Georgia Code

O.C.G.A. § 53-12-83 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 53 WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES

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

ARTICLE 5 SPENDTHRIFT PROVISIONS AND CREDITORS' RIGHTS AND CLAIMS

53-12-83. Creditors' claims against property that is subject to withdrawal right.

The holder of a power of withdrawal, during the period that the power may be exercised, shall be treated in the same manner as the settlor of a revocable trust to the extent of the property subject to the power. The lapse, release, or waiver of a power of withdrawal shall not cause the holder to be treated as a settlor of the trust.

(Code 1981, §53-12-83, enacted by Ga. L. 2010, p. 579, § 1/SB 131.)

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