{"data":{"id":"us-ga/o.c.g.a.-53-12-500","jurisdiction":"us-ga","citation":"O.C.G.A. § 53-12-500","heading":"Definitions.","body":"As used in this article, the term:\n(1) “Directed trustee” means a trustee that is subject to a trust director’s power of direction.\n(2) “Power of appointment” means a power that enables a person, acting in a nonfiduciary capacity, to:\n(A) Designate a recipient of either an ownership interest in or another power of appointment over trust property;\n(B) Rescind or terminate either an ownership interest in or another power of appointment over trust property; and\n(C) Determine when a beneficiary shall have the rights granted under Code Sections 53-12-242 and 53-12-243 or similar rights granted under the governing instrument.\n(3) “Power of direction” means a power over a trust granted to a person by the trust instrument to the extent the power is exercisable in a capacity other than as a trustee. Such term includes a power over the administration of the trust or the investment, management, or distribution of the trust property; a power to consent to a trustee’s actions, whether through exercise of an affirmative power to consent or through nonexercise of a veto power over a trustee’s actions, where a trustee may not act without such consent; and all further powers appropriate to the exercise or nonexercise of such powers held by the trust director pursuant to subsection (a) of Code Section 53-12-502. Such term shall exclude the powers described in subsection (b) of Code Section 53-12-501.\n(4) “Trust director” means a person that is granted a power of direction by a trust to the extent the power is exercisable in a capacity other than as a trustee, regardless of whether the trust instrument refers to such person as a trust director and regardless of whether the person is a beneficiary or settlor of the trust.","path":["TITLE 53 Wills, Trusts, and Administration of Estates","CHAPTER 12 Trusts","Article 18 Trust Directors"],"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":"cee155dff5fbc5e9e243893db5b84fb10e8af7a92c68a258ad83f04dc799a74b","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-53-12-455","next":"us-ga/o.c.g.a.-53-12-501"},"notice":"GroundRules: Original legal text. Not legal advice."}