Section 43-2-840 Improper exercise of power; breach of fiduciary duty. - Alabama Statutes

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Section 43-2-840

Improper exercise of power; breach of fiduciary duty.

If the exercise of power concerning the estate is improper, the personal representative is liable to interested persons for damage or loss resulting from breach of the personal representative's fiduciary duty to the same extent as a trustee of an express trust. The rights of purchasers and others dealing with a personal representative shall be determined as provided in Sections 43-2-841 and 43-2-842.

(Acts 1993, No. 93-722, p. 1411, §11.)

State Codes and Statutes

Statutes > Alabama > Title43 > Chapter2 > 43-2-840

Section 43-2-840

Improper exercise of power; breach of fiduciary duty.

If the exercise of power concerning the estate is improper, the personal representative is liable to interested persons for damage or loss resulting from breach of the personal representative's fiduciary duty to the same extent as a trustee of an express trust. The rights of purchasers and others dealing with a personal representative shall be determined as provided in Sections 43-2-841 and 43-2-842.

(Acts 1993, No. 93-722, p. 1411, §11.)

State Codes and Statutes

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State Codes and Statutes

Statutes > Alabama > Title43 > Chapter2 > 43-2-840

Section 43-2-840

Improper exercise of power; breach of fiduciary duty.

If the exercise of power concerning the estate is improper, the personal representative is liable to interested persons for damage or loss resulting from breach of the personal representative's fiduciary duty to the same extent as a trustee of an express trust. The rights of purchasers and others dealing with a personal representative shall be determined as provided in Sections 43-2-841 and 43-2-842.

(Acts 1993, No. 93-722, p. 1411, §11.)