Alabama Statutes
§ 19-3-66 — Suits Against Trust; Property Subject to Attachment and Execution
A business trust may be sued for debts and other obligations incurred by the trustees in the performance of their duties under the declaration of trust and for any damages resulting from the negligence of such trustees, and its property shall be subject to attachment and execution in like manner as if it were a corporation.
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Related
Byle v. Maggie Adams 1 (MAG+)
(M.D. Alabama, 2023)
Legislative History
(Acts 1961, Ex. Sess., No. 251, p. 2263, §7.)
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