Georgia § 53-12-506 Statutory provisions applicable to trust directors; defenses available to trust directors; personal jurisdiction; term &quot;trustee&quot; includes trust director where required or permitted

Georgia Statutes

§ 53-12-506 — Statutory provisions applicable to trust directors; defenses available to trust directors; personal jurisdiction; term "trustee" includes trust director where required or permitted

Georgia § 53-12-506

Title53

This text of Georgia § 53-12-506 (Statutory provisions applicable to trust directors; defenses available to trust directors; personal jurisdiction; term "trustee" includes trust director where required or permitted) 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. § 53-12-506 (2026).

Text

(a)An individual shall be eligible to serve as a trust director regardless of citizenship and residency. If the trust director is a corporation, partnership, or other entity, it shall be required to have the power to act as a trustee in Georgia.

(b)The rules applicable to a trustee apply to a trust director regarding:

(1)Jurisdiction under Code Section 53-12-6 ;

(2)Appointment and acceptance, compensation, and resignation and removal of trustees under Article 11 of this chapter;

(3)Accounting under Article 12 of this chapter; and (4) Nonresidents and foreign entities acting as trustees under Article 15 of this chapter.

(c)In an action against a trust director for breach of trust, the trust director may assert the same defenses a trustee in a like position and under similar circumstan

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(a) An individual shall be eligible to serve as a trust director regardless of citizenship and residency. If the trust director is a corporation, partnership, or other entity, it shall be required to have the power to act as a trustee in Georgia. (b) The rules applicable to a trustee apply to a trust director regarding: (1) Jurisdiction under Code Section 53-12-6 ; (2) Appointment and acceptance, compensation, and resignation and removal of trustees under Article 11 of this chapter; (3) Accounting under Article 12 of this chapter; and (4) Nonresidents and foreign entities acting as trustees under Article 15 of this chapter. (c) In an action against a trust director for breach of trust, the trust director may assert the same defenses a trustee in a like position and under similar circumstances could assert in an action for breach of trust against the trustee. (d) By accepting appointment as a trust director of a trust subject to this article, a trust director submits to personal jurisdiction of the courts of this state regarding any matter related to a power or duty of a trust director. This subsection shall not preclude use of another method to obtain jurisdiction over a trust director. (e) As used in this Code, where the context requires or permits, the term "trustee" includes a trust director.