- 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.
History. Code 1981, § 53-12-246 , enacted by Ga. L. 2010, p. 579, § 1/SB 131.