Alabama Statutes
§ 19-3-39 — Compromise or Sale of Bad Debts
Alabama § 19-3-39
JurisdictionAlabama
Title 19Fiduciaries and Trusts
Ch. 3Trusts
Art. 2Express Trusts for Payment or Security of Debts
This text of Alabama § 19-3-39 (Compromise or Sale of Bad Debts) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 19-3-39 (2026).
Text
Upon the application of the trustee, the court may authorize the compromise of any bad and doubtful debts or choses in action belonging to the trust estate, or the sale thereof to the highest bidder, on such terms and notice as the court may prescribe.
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Legislative History
(Code 1896, §4171; Code 1907, §6073; Code 1923, §10410; Code 1940, T. 58, §27.)
Nearby Sections
15
§ 19-1-1
Short Title§ 19-1-11
Chapter Not Retroactive§ 19-1-12
Cases Not Provided for in Chapter§ 19-1-13
Uniformity of Interpretation§ 19-1-2
Definitions§ 19-1-8
Deposit in Name of Principal§ 19-1A-1
Short TitleCite This Page — Counsel Stack
Bluebook (online)
Alabama § 19-3-39, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/19-3-39.