™Your Policy Risk Impact Agent
13 chapters · 484 sections in this title.
O.C.G.A. § 53-12-502 Authority, procedures, and powers of trust directors
2.1K chars
(a) Except as otherwise provided in this Code section, a trust instrument may grant powers of direction to a trust director. (b) Except as otherwise provided in the trust instrument, when a trust instrument grants powers of direction to a trust director, the trust director shall …
O.C.G.A. § 53-12-503 Role of directors; petitioning court for instructions
6.9K chars
(a) Except as otherwise provided in this article, with respect to a power of direction, a trust director shall have the same fiduciary duty and liability in the exercise or nonexercise of the power of direction as a trustee in a like position and under similar circumstances. (b) W…
O.C.G.A. § 53-12-504 Directed trustees; role; trustee’s duty as to directed trustee; petitioning court for instructions
5.5K chars
(a) Unless compliance by the directed trustee would clearly constitute an act committed in bad faith on the part of the directed trustee, a directed trustee shall take reasonable action to comply with a trust director’s exercise or nonexercise of a power of direction and shall no…
O.C.G.A. § 53-12-505 Relief from duty and liability
0.4K chars
A trust instrument may relieve a cotrustee from duty and liability with respect to another cotrustee’s exercise or nonexercise of a power of the other cotrustee to the same extent that a directed trustee is relieved from duty and liability with respect to a trust director’s power…