Georgia § 53-12-246 - Duty to avoid conflict of interest.
Full text of Georgia Official Code of Georgia Annotated § 53-12-246 — Duty to avoid conflict of interest., with citation guidance and answers to common questions.
§ 53-12-246. Duty to avoid conflict of interest.
A trustee shall administer the trust solely in the interests of the beneficiaries. This Code section shall not preclude the following transactions, if fair to the beneficiaries: An agreement between a trustee and a beneficiary relating to the appointment or compensation of the trustee; Payment of reasonable compensation to the trustee; or Performing and receiving reasonable compensation for performing services of a managerial, executive, or business advisory nature for a corporation or other business enterprise, where the trust estate owns an interest in the corporation or other business enterprise. (Code 1981, § 53-12-246 , enacted by Ga. L. 2010, p. 579, § 1/SB 131.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 53-12-246
What does Official Code of Georgia Annotated § 53-12-246 cover?
Section 53-12-246 ("Duty to avoid conflict of interest.") 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 § 53-12-246?
A common citation format is "Official Code of Georgia Annotated § 53-12-246" (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 § 53-12-246 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.