Georgia § 53-8-3 - Securities, obligations, and interest-bearing deposits.
Full text of Georgia Official Code of Georgia Annotated § 53-8-3 — Securities, obligations, and interest-bearing deposits., with citation guidance and answers to common questions.
§ 53-8-3. Securities, obligations, and interest-bearing deposits.
A personal representative is authorized to invest estate funds in: Bonds issued by any county or municipality of this state which have been validated as required by law for the validation of county and municipal bonds; Bonds issued by any county board of education under Subpart 1 of Part 3 of Article 9 of Chapter 2 of Title 20 for the purpose of building and equipping schoolhouses, which bonds have been validated and confirmed as required under Part 1 of Article 2 of Chapter 82 of Title 36; Bonds and other securities issued by this state or by the Board of Regents of the University System of Georgia; Bonds or other obligations issued by the United States government and bonds of any corporation created by an act of Congress, the bonds of which are guaranteed by the United States government as provided in Code Section 53-8-4; and Interest-bearing deposits in any chartered state or national bank or trust company or savings and loan association located in this state to the extent the deposits are insured by the Federal Deposit Insurance Corporation or comparable insurance. (Code 1981, § 53-8-3 , enacted by Ga. L. 1996, p. 504, § 10.) Law reviews. - For note discussing and comparing the prudent man rule and the legal list rule in trustee investment, see 15 Mercer L. Rev. 530 (1964).
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 53-8-3
What does Official Code of Georgia Annotated § 53-8-3 cover?
Section 53-8-3 ("Securities, obligations, and interest-bearing deposits.") 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 § 53-8-3?
A common citation format is "Official Code of Georgia Annotated § 53-8-3" (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 § 53-8-3 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.