§ 53-12-170. Definition; Charitable Purposes
A charitable trust is a trust in which the settlor provides that the trust property shall be used exclusively for charitable purposes. Charitable purposes shall include: The relief of poverty; The advancement of education; The advancement of ethics and religion; The advancement of health; The advancement of science and the arts and humanities; The protection […]
§ 53-12-171. Power to Select Purposes or Beneficiaries
The settlor of a charitable trust may retain the power to select the charitable purposes or charitable beneficiaries, or may grant the trustee or any other person the power to select charitable purposes or charitable beneficiaries or to engage in the charitable purposes, without rendering the trust void for indefiniteness. History. Code 1981, § 53-12-171 […]
§ 53-12-172. Cy Pres
If a charitable trust or gift cannot be executed in the manner provided by the settlor or donor, the superior court shall exercise equitable powers in such a way as will as nearly as possible effectuate the intention of the settlor or donor. History. Code 1981, § 53-12-172 , enacted by Ga. L. 2010, p. […]
§ 53-12-173. Duration of Charitable Trusts
A charitable trust shall be valid even though under the trust provisions it is to continue for an indefinite or unlimited period. History. Code 1981, § 53-12-173 , enacted by Ga. L. 2010, p. 579, § 1/SB 131.
§ 53-12-174. Attorney General or District Attorney as Representative of Charitable Beneficiaries
In all cases in which the rights of beneficiaries under a charitable trust are involved, the Attorney General or the district attorney of the circuit in which the major portion of trust property lies shall represent the interests of the beneficiaries and the interests of this state as parens patriae in all legal matters pertaining […]
§ 53-12-175. Enforcement by Settlor
The settlor of a charitable trust may maintain a civil action to enforce the trust. History. Code 1981, § 53-12-175 , enacted by Ga. L. 2010, p. 579, § 1/SB 131.