§ 19-3-25 — Appointment and Duties of Appraisers

Alabama § 19-3-25

• Jurisdiction: Alabama
• Title 19: Fiduciaries and Trusts
• Ch. 3: Trusts
• Art. 2: Express Trusts for Payment or Security of Debts

Text

On the filing of such inventory, the register or clerk must indorse upon each of such copies the fact and date of such filing and must appoint three competent and disinterested persons, who must not be of kin or of counsel to any person interested in the trust estate, appraisers of and in each county in which any part of the trust property may be, and must attach to the commission one of the copies of such inventory, filed by the trustee; and the appraisers must, in writing, appraise at its true value, the property described in such inventory, and set down in figures opposite each item, the appraised value thereof, add each column and carry forward the result so as to show the total valuation placed upon such property, and verify the same by affidavit and make return thereof to the register or clerk who must record the commission to the appraisers and such combined inventory and appraisement, together with the affidavits appended thereto. The other copy of the inventory filed by the trustee must be carefully preserved by the register or clerk, free to examination of all persons, but must not be recorded. The appraisers are severally entitled to $2.00 for each day’s service in making such appraisement, to be taxed as costs and collected and paid over by the register or clerk.

Legislative History

(Code 1886, §3554; Code 1896, §4157; Code 1907, §6059; Code 1923, §10396; Code 1940, T. 58, §13.)