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§ 53-12-506. Statutory provisions applicable to trust directors; defenses available to trust directors; jurisdiction

GA Code § 53-12-506 (2018) (N/A)
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(a) Except as otherwise provided in the trust instrument, the rules applicable to a trustee shall apply to a trust director regarding:

(1) Appointment and vacancies under Code Section 53-12-201;

(2) Acceptance under Code Section 53-12-202;

(3) Giving of a bond under Code Section 53-12-203;

(4) Co-trustees under Code Section 53-12-204;

(5) Compensation and reimbursement of expenses under Code Sections 53-12-210 through 53-12-214;

(6) Resignation under Code Section 53-12-220;

(7) Removal under Code Section 53-12-221; and

(8) Service under Code Section 53-12-320.

(b) 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.

(c) 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.

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