Alabama Statutes
§ 19-3-39 — Compromise or Sale of Bad Debts
Alabama·Title 19 Fiduciaries and Trusts·Ch. 3 Trusts·Art. 2 Express Trusts for Payment or Security of Debts
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 Title