Georgia § 53-12-241 - Duty of prudent administration.
Full text of Georgia Official Code of Georgia Annotated § 53-12-241 — Duty of prudent administration., with citation guidance and answers to common questions.
§ 53-12-241. Duty of prudent administration.
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. 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. (Code 1981, § 53-12-241 , enacted by Ga. L. 2010, p. 579, § 1/SB 131; Ga. L. 2020, p. 377, § 1-82/HB 865.) The 2020 amendment, effective January 1, 2021, designated the previously existing provisions as subsection (a) and added subsection (b).
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 53-12-241
What does Official Code of Georgia Annotated § 53-12-241 cover?
Section 53-12-241 ("Duty of prudent administration.") 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 § 53-12-241?
A common citation format is "Official Code of Georgia Annotated § 53-12-241" (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 § 53-12-241 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.