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

Alabama Statutes

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

Alabama·Title 34 Professions and Businesses·Ch. 13 Funeral Services·Art. 5 Alabama Preneed Funeral and Cemetery Act of 2023·Div. 4 Cemetery Merchandise and Services Trust Fund

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.

Alabama § 34-13-273 (Disposal of Assets or Investments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.