Georgia § 30-10-9 - Distribution of funds upon dissolution; perpetuities; restraints on alienation; construction of chapter.
Full text of Georgia Official Code of Georgia Annotated § 30-10-9 — Distribution of funds upon dissolution; perpetuities; restraints on alienation; construction of chapter., with citation guidance and answers to common questions.
§ 30-10-9. Distribution of funds upon dissolution; perpetuities; restraints on alienation; construction of chapter.
Upon the dissolution of any organization administering a community trust, the remaining balance of each trust account shall be distributed to other community trusts. The Attorney General may bring an action in the superior courts for the dissolution of a nonprofit organization or a community trust for the purpose of terminating the trust or merging it with another community trust. Community trusts shall not be subject to or held to be in violation of any principle of law against perpetuities or restraints on alienation, including Article 9 of Chapter 6 of Title 44, the "Uniform Statutory Rule Against Perpetuities." Nothing contained in this chapter shall be construed so as to impair or limit the creation of other forms of trusts or charitable trusts, whether or not similar to community trusts permitted by this chapter. (Code 1981, § 30-10-9 , enacted by Ga. L. 1996, p. 804, § 2.) Code Commission notes. - Pursuant to Code Section 28-9-5, in 1996, "attorney general" was capitalized in the second sentence in subsection (a) and "Community Trust" was lower-cased throughout. Pursuant to Code Section 28-9-5, in 1997, "including Article 9 of Chapter 6 of Title 44, the 'Uniform Statutory Rule Against Perpetuities.'" was substituted for "including the Uniform Statutory Rule Against Perpetuities." in subsection (b).
Frequently Asked Questions About Georgia § 30-10-9
What does Official Code of Georgia Annotated § 30-10-9 cover?
Section 30-10-9 ("Distribution of funds upon dissolution; perpetuities; restraints on alienation; construction of chapter.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 30-10-9?
A common citation format is "Official Code of Georgia Annotated § 30-10-9" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 30-10-9 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.