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O.C.G.A. § 53-12-130

Resulting trusts

— Code 1981, § 53-12-130, enacted by Ga

A resulting trust is a trust implied for the benefit of the settlor or the settlor’s successors in interest when it is determined that the settlor did not intend that the holder of the legal title to the trust property also should have the beneficial interest in the property under any of the

following circumstances:

(1) A trust is created but fails, in whole or in part, for any reason;

(2) A trust is fully performed without exhausting all the trust

property; or

(3) Apurchase money resulting trust as defined in subsection (a) of Code Section 53-12-131 is established.

Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.