§ 53-12-345. Delegation
A trustee may delegate investment and management functions that a prudent trustee of comparable skills could properly delegate under the circumstances. The trustee shall exercise reasonable care, skill, and caution in: Selecting an agent; Establishing the scope and terms of the delegation consistent with the purposes and provisions of the trust; and Reviewing periodically the […]
§ 53-12-340. Investment Standard
A trustee shall invest and manage trust assets as a prudent investor would by considering the purposes, provisions, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution. A trustee’s investment and management decisions respecting individual assets shall be evaluated not in isolation but […]
§ 53-12-341. Concentrated Holdings and Diversification
A trustee shall reasonably manage the risk of concentrated holdings of assets in a trust by diversifying or by using other appropriate mechanisms, except as otherwise provided in this Code section, as follows: The duty imposed by this Code section shall not apply if the trustee reasonably determines that, because of special circumstances, the purposes […]
§ 53-12-342. Duties at Inception of Trusteeship
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets in order to bring the trust portfolio into compliance with the purposes, provisions, distributions requirements, and other circumstances of the trust and with the […]
§ 53-12-343. Reviewing Compliance
Compliance with the investment rules of this part shall be determined in light of the facts and circumstances existing at the time of a trustee’s decision or action and not by hindsight. History. Code 1981, § 53-12-343 , enacted by Ga. L. 2010, p. 579, § 1/SB 131.
§ 53-12-344. Language Invoking Application of Article
The following terminology or comparable language in the provisions of a trust, unless otherwise limited or modified, shall authorize any investment or strategy permitted under this article and Article 17 of this chapter: “investments permissible by law for investment of trust funds,” “legal investments,” “authorized investments,” “using the judgment and care under the circumstances then […]