2021 Georgia Code
Title 10 - Commerce and Trade
Chapter 6 - Agency
Article 2 - Relations Between Principal and Agent
§ 10-6-30. Agents and Fiduciaries to Keep Accounts; Effect of Neglect
It shall be the duty of agents, trustees, administrators, guardians, conservators, receivers, and all other fiduciaries to keep their accounts in a regular manner and to be always ready with them supported by proper vouchers; neglect of this duty shall be ground for charging them with interest on balances on hand and with costs.
(Civil Code 1895, § 3007; Civil Code 1910, § 3579; Code 1933, § 4-211; Ga. L. 2006, p. 805, § 2/SB 534.)
OPINIONS OF THE ATTORNEY GENERALCounty administrator/county guardian may aggregate the funds of the estates the administrator administers in a single fiduciary account provided that accurate records are maintained separately identifying the monies and disbursements of each estate included in the aggregation. 1982 Op. Att'y Gen. No. U82-31.
RESEARCH REFERENCES
Am. Jur. 2d.
- 3 Am. Jur. 2d, Agency, §§ 192, 214, 222, 225.
24 Am. Jur. Pleading and Practice Forms, Trusts, § 248 et seq.
C.J.S.- 2A C.J.S., Agency, §§ 313, 314, 315, 320.
ALR.
- Authority of agent to assent to account stated, 2 A.L.R. 71.
Right of agent to offset his own claim against collection made for principal, 2 A.L.R. 132.
Liability of receiver in his official capacity for torts or negligence of receivership employees, 10 A.L.R. 1055.
Necessity of proof by trustee that charges or expenses for which he claims credit upon an accounting were proper disbursements, 13 A.L.R. 364.
Rate of interest chargeable against guardians, executors or administrators, and trustees, 37 A.L.R. 447; 55 A.L.R. 950; 112 A.L.R. 833; 156 A.L.R. 936.
Deposit by trustee of funds of separate trusts in a single bank account, 117 A.L.R. 179.
When statute of limitations commences to run against action by principal to recover money or other property from agent, 141 A.L.R. 361.
Guardian's liability for interest on ward's funds, 72 A.L.R.2d 757.
