Georgia Statutes
§ 53-12-246 — Duty to avoid conflict of interest
Georgia § 53-12-246
JurisdictionGeorgia
Title53
This text of Georgia § 53-12-246 (Duty to avoid conflict of interest) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
O.C.G.A. § 53-12-246 (2026).
Text
(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.
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Related
Hasty v. Castleberry
749 S.E.2d 676 (Supreme Court of Georgia, 2013)
Smith v. Suntrust Bank
754 S.E.2d 117 (Court of Appeals of Georgia, 2014)
Peterson v. Peterson
811 S.E.2d 309 (Supreme Court of Georgia, 2018)
Callaway v. Willard.
830 S.E.2d 464 (Court of Appeals of Georgia, 2019)
ROLLINS Et Al. v. ROLLINS Et Al.
790 S.E.2d 157 (Court of Appeals of Georgia, 2016)
Rollins v. Rollins
755 S.E.2d 727 (Supreme Court of Georgia, 2014)
Rollins v. Rollins
766 S.E.2d 162 (Court of Appeals of Georgia, 2014)
LEIGH KENG v. SUSIE CHANG KENG
(Court of Appeals of Georgia, 2025)
JAMES FARMER v. CHRISTIE LYNN MITCHELL
(Court of Appeals of Georgia, 2025)
Don W. Smith v. Suntrust Bank
(Court of Appeals of Georgia, 2014)
Glen W. Rollins v. Gary W. Rollins
(Court of Appeals of Georgia, 2014)
Charles Alexander Peterson v. Cleveland Calhoun Peterson
(Court of Appeals of Georgia, 2019)
Legislative History
Added by 2010 Ga. Laws 506,§ 1, eff. 7/1/2010.
Nearby Sections
15
§ 53-1-10
Lifetime transfers§ 53-1-11
Value§ 53-1-12
Manner of taking into account§ 53-1-2
Definitions§ 53-1-3
Dower and tenancy by curtesy§ 53-1-8
Adopted individuals§ 53-10-1
Short titleCite This Page — Counsel Stack
Bluebook (online)
Georgia § 53-12-246, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/53-12-246.