Code of Alabama - Title 19: Fiduciaries and Trusts - Section 19-3D-27 - Obligations

Section 19-3D-27 - THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018 REGULAR SESSION, EFFECTIVE JANUARY 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.

OBLIGATIONS. A debt, liability, or other obligation enforceable against property of a first trust is enforceable to the same extent against the property when held by the second trust after exercise of the decanting power.

(Act 2018-519, §27.)

Last modified: May 3, 2021