2020 Georgia Code
Title 53 - Wills, Trusts, and Administration of Estates
Chapter 12 - Trusts
Article 18 - Trust Directors
§ 53-12-506. (For Effective Date, See note.) Statutory Provisions Applicable to Trust Directors; Defenses Available to Trust Directors; Personal Jurisdiction; Term "Trustee" Includes Trust Director Where Required or Permitted

Universal Citation: GA Code § 53-12-506 (2020)
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. As used in this Code, where the context requires or permits, the term "trustee" includes a trust director.

(Code 1981, §53-12-506, enacted by Ga. L. 2018, p. 262, § 25/HB 121; Ga. L. 2020, p. 377, § 1-92/HB 865.)

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