Current through 2023-2024 Legislative Session Chapters 1-597, 604, 609, 612, 696, 697
Section 53-12-241 - Duty of prudent administration(a) In administering a trust, the trustee shall exercise the judgment and care of a prudent person acting in a like capacity and familiar with such matters, considering the purposes, provisions, distribution requirements, and other circumstances of the trust.(b) A trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in Article 16 of this chapter.Amended by 2020 Ga. Laws 508,§ 1-82, eff. 1/1/2021.Added by 2010 Ga. Laws 506,§ 1, eff. 7/1/2010.