(a) A trustee shall administer the trust solely in the interests of the beneficiaries. (b) This Code section shall not preclude the following transactions, if fair to the beneficiaries: (1) An agreement between a trustee and a beneficiary relating to the appointment or compensation of the trustee; (2) Payment of reasonable compensation to the trustee; or (3) Performing and receiving reasonable compensation for performing services of a managerial, executive, or business advisory nature for a corporation or other business enterprise, where the trust estate owns an interest in the corporation or other business enterprise. History. — Code 1981, § 53-12-246, enacted by Ga. L. 2010, p. 579, § 1/SB 131.
Duty to avoid conflict of interest
O.C.G.A. § 53-12-246 — under Title 53.
O.C.G.A. § 53-12-246