Georgia Code, Title 30, Chapter 10 - Community Trusts

• § 30-10-1 - Legislative Findings
  The General Assembly finds and declares the following: (1) It is an essential function of state government to provide basic support for persons with...
• § 30-10-2 - Definitions
  As used in this chapter, the term: (1) "Board of trustees" means a board of trustees of a community trust established pursuant to this...
• § 30-10-3 - Donors; Benefits; Assets
  (a) Donors may supplement the care, support, habilitation, rehabilitation, and treatment of persons with impairments pursuant to this chapter. Neither the contribution to a...
• § 30-10-4 - Community Trusts; Creation
  Nonprofit organizations which qualify as tax-exempt organizations under Section 501(c)(3) of the United States Internal Revenue Code and which have expertise regarding the care,...
• § 30-10-5 - Community Trusts; Board of Trustees
  Each community trust shall have a board of trustees appointed by the governing body of the nonprofit organization forming the trust, which shall include...
• § 30-10-6 - Qualification of Trust; Documents; Life Beneficiaries; Trustees and Cotrustees; Income; Transfers; Distributions and Expenditures
  (a) The board of trustees shall take all steps necessary to satisfy all federal and state laws to ensure that the community trust is...
• § 30-10-7 - Life Beneficiaries
  (a) No life beneficiary shall have any vested or property rights or interests in a community trust. No life beneficiary shall have the power...
• § 30-10-8 - Liability of Trustees
  No trustee, cotrustee, successor cotrustee, or successor trustee serving pursuant to the provisions of this chapter shall at any time be liable for any...
• § 30-10-9 - Distribution of Funds Upon Dissolution; Perpetuities; Restraints on Alienation; Construction of Chapter
  (a) Upon the dissolution of any organization administering a community trust, the remaining balance of each trust account shall be distributed to other community...

Last modified: October 14, 2016