Section 19-3-66 Suits against trust; property subject to attachment and execution. - Alabama Statutes

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Section 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.

(Acts 1961, Ex. Sess., No. 251, p. 2263, §7.)

State Codes and Statutes

Statutes > Alabama > Title19 > Chapter3 > 19-3-66

Section 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.

(Acts 1961, Ex. Sess., No. 251, p. 2263, §7.)

State Codes and Statutes

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State Codes and Statutes

Statutes > Alabama > Title19 > Chapter3 > 19-3-66

Section 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.

(Acts 1961, Ex. Sess., No. 251, p. 2263, §7.)