Alabama § 34-13-273 Disposal of Assets or Investments

Alabama Statutes

§ 34-13-273 — Disposal of Assets or Investments

Alabama § 34-13-273

JurisdictionAlabama

Title 34Professions and Businesses

Ch. 13Funeral Services

Art. 5Alabama Preneed Funeral and Cemetery Act of 2023

Div. 4Cemetery Merchandise and Services Trust Fund

This text of Alabama § 34-13-273 (Disposal of Assets or Investments) 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 § 34-13-273 (2026).

Text

To the extent that any endowment care trust existing on May 1, 2002, includes investments or assets, the retention of which the trustee in the free exercise of its discretion deems not in the best interest of the trust estate, the trustee shall dispose of the investments or assets as soon as practicable without undue sacrifice to the trust estate, and in any event within two years after May 1, 2002.

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To the extent that any endowment care trust existing on May 1, 2002, includes investments or assets, the retention of which the trustee in the free exercise of its discretion deems not in the best interest of the trust estate, the trustee shall dispose of the investments or assets as soon as practicable without undue sacrifice to the trust estate, and in any event within two years after May 1, 2002.