{"data":{"id":"us-ga/o.c.g.a.-53-12-246","jurisdiction":"us-ga","citation":"O.C.G.A. § 53-12-246","heading":"Duty to avoid conflict of interest.","body":"(a) A trustee shall administer the trust solely in the interests of the beneficiaries.\n(b) This Code section shall not preclude the following transactions, if fair to the beneficiaries:\n(1) An agreement between a trustee and a beneficiary relating to the appointment or compensation of the trustee;\n(2) Payment of reasonable compensation to the trustee; or\n(3) Performing and receiving reasonable compensation for performing services of a managerial, executive, or business advisory nature for a corporation or other business enterprise, where the trust estate owns an interest in the corporation or other business enterprise.","path":["TITLE 53 Wills, Trusts, and Administration of Estates","CHAPTER 12 Trusts","Article 13 Trustees’ Duties and Powers","PART 1 Duties of Trustee"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.53.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:58Z","sha256":"11a4202a584ed10b78559b7da92b2575f665890a0fc0f37e976acd6de4a175f5","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-53-12-245","next":"us-ga/o.c.g.a.-53-12-247"},"notice":"GroundRules: Original legal text. Not legal advice."}