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2020 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 5 - Miscellaneous Provisions Relating to Corporations
Article 3 - Corporations Organized for Religious, Fraternal, or Educational Purposes
§ 14-5-42. Authority to Act as Trustee of Charitable Trust
Universal Citation: GA Code § 14-5-42 (2020)
Nonprofit corporation(s) referred to in Code Section 14-5-40 created prior to April 1, 1969, or created thereafter pursuant to this article are authorized to act in their corporate capacity as trustee to administer and carry into effect any charitable trust created prior to April 1, 1969, or thereafter created by deed or by will which is consistent with their corporate purposes.
(Ga. L. 1889, p. 161, § 5; Civil Code 1895, § 2367; Civil Code 1910, § 2840; Code 1933, § 22-405; Code 1933, § 22-5503, enacted by Ga. L. 1968, p. 565, § 1.)
RESEARCH REFERENCES
ALR.
- Trust for school children as charitable, or merely benevolent, 25 A.L.R.2d 1114.
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