Alabama Statutes
§ 19-3-60 — Definition of “Business Trust.”
Alabama § 19-3-60
This text of Alabama § 19-3-60 (Definition of “Business Trust.”) 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 § 19-3-60 (2026).
Text
A business trust is an express trust created by a written declaration of trust whereby property is conveyed to one or more trustees, who hold and manage the same for the benefit and profit of such persons as may be or become the holders of transferable certificates evidencing the beneficial interest in the trust estate.
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Legislative History
(Acts 1961, Ex. Sess., No. 251, p. 2263, §1.)
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 § 19-3-60, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/19-3-60.