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O.C.G.A. § 53-8-2

Real property

— Code 1981, § 53-8-2, enacted by Ga

invest) by trustee or other fiduciary, 128

Authorization or approval by court of investments which are “nonlegal” or contrary to the terms of the trust instrument,

Rights, duties, and liability of corporation in connection with transfer of stock of decedent, 7 A.L.R.2d 1240.

Construction and effect of instrument authorizing or directing trustee or executor to retain investments received under such instrument, 47 A.L.R.2d 187.

Authorization by trust instrument of investment of trust funds in nonlegal investments, 78 A.L.R.2d 7.

Power and authority, in the absence of determining clause in will, of executor or administrator to lease out, or to rent, decedent’s real estate, 95 A.L.R.2d 258.

Second and higher offer as affecting final approval of trustee’s sale, 1 A.L.R.3d 629.

Duty of trustee to diversify investments, and liability for failure to do so, 24 A.L.R.3d 730.

A personal representative is authorized to invest estate funds in real property after first obtaining an order to that effect from the probate court or from the superior court. Service shall be made as provided in Chapter 11 of this title to the heirs of an intestate estate or the beneficiaries of a will. The court shall be authorized to grant the order immediately if the heirs or beneficiaries acknowledge service and consent to the petition or at any time after ten days after perfection of service.

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.