Web§ 53-7-54 - Breach of fiduciary duty Universal Citation: GA Code § 53-7-54 (2014) (a) If a personal representative or temporary administrator commits a breach of fiduciary duty or threatens to commit a breach of fiduciary duty, a beneficiary of a testate estate or heir of an intestate estate shall have a cause of action: (1) To recover damages; WebThis Statement establishes criteria for identifying fiduciary activities of all state and local governments. The focus of the criteria generally is on (1) whether a government is …
Powers of trustees :: 2010 Georgia Code - Justia Law
WebO.C.G.A. 53-12-261 (2010) 53-12-261. Powers of trustees. (a) As used in this Code section, the term "fiduciary" means the one or more personal representatives of the estate of a decedent or the one or more trustees of a testamentary or inter vivos trust, whichever in a particular case is appropriate. (b) A trustee of an express trust, without ... WebApr 15, 2024 · Gheewalla held that, whether a corporation is solvent or insolvent, a creditor does not have the right to directly assert a breach of fiduciary duty cause of action against directors (because the directors have no fiduciary duty to the creditors themselves), but that, once a corporation is insolvent, a creditor obtains standing to assert … horizons academy bardstown ky
Georgia Court Limits Scope of Liability Insurer’s Fiduciary Duties to ...
Web- Georgia law does not recognize the tort of aiding and abetting a breach of fiduciary duty, and a Georgia court faced with the issue would not be likely to create such a cause of action since the imposition of aider and abettor liability for such breaches essentially extends fiduciary obligations beyond the scope of the confidential or special … WebFiduciary liability insurance, on the other hand, insures fiduciaries, and in some cases the plan, against losses caused by breaches of fiduciary responsibilities. Although many plan fiduciaries may be covered by fiduciary liability insurance, it is not required and does not satisfy the fidelity bonding required by ERISA. http://www.georgia-probate.com/practice-areas/probate-estates-disputes/breach-fiduciary-duties.cfm horizons 2 ps4