Alabama § 22-21-240 Establishment, Administration, Etc., of Trusts Authorized; Specification of Terms, Conditions and Provisions of Trusts

Alabama Statutes

§ 22-21-240 — Establishment, Administration, Etc., of Trusts Authorized; Specification of Terms, Conditions and Provisions of Trusts

Alabama·Title 22 Health, Mental Health, and Environmental Control·Ch. 21 Hospitals and Other Health Care Facilities Generally·Art. 8 Trusts for Payment of Liability Claims Against Hospitals, Dentists, Etc

There is hereby authorized the establishment, maintenance, administration and operation of any trust established by agreement of any hospitals or other health care units licensed as such by the State of Alabama (hereinafter referred to as “hospitals”) or by agreement of any dental practitioners licensed as such by the State of Alabama (hereinafter referred to as “dentists”) as grantors, with such hospitals and dentists as beneficiaries, for the purpose of insuring against general public liability claims based upon acts or omissions of such hospitals or dentists, including without limitation, claims based upon malpractice.
Such hospitals or dentists may, by trust agreement among themselves and a trustee or trustees of their selection, specify the terms, conditions and provisions of such a t

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There is hereby authorized the establishment, maintenance, administration and operation of any trust established by agreement of any hospitals or other health care units licensed as such by the State of Alabama (hereinafter referred to as “hospitals”) or by agreement of any dental practitioners licensed as such by the State of Alabama (hereinafter referred to as “dentists”) as grantors, with such hospitals and dentists as beneficiaries, for the purpose of insuring against general public liability claims based upon acts or omissions of such hospitals or dentists, including without limitation, claims based upon malpractice.
Such hospitals or dentists may, by trust agreement among themselves and a trustee or trustees of their selection, specify the terms, conditions and provisions of such a trust.

Alabama § 22-21-240 (Establishment, Administration, Etc., of Trusts Authorized; Specification of Terms, Conditions and Provisions of Trusts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.