Code of Alabama - Title 19: Fiduciaries and Trusts - Chapter 1 - Uniform Fiduciaries Act

• Section 19-1-1 Short title
  This chapter may be cited as the Uniform Fiduciaries Act.
• Section 19-1-2 Definitions
  In this chapter, unless the context or subject matter otherwise requires, the following terms shall have the meanings respectively ascribed to them by this section:...
• Section 19-1-3 Application of payments made to fiduciaries
  A person who in good faith pays or transfers to a fiduciary any money or other property which the fiduciary as such is authorized to...
• Section 19-1-4 Transfer of negotiable instrument by fiduciary
  If any negotiable instrument payable or indorsed to a fiduciary as such is indorsed by the fiduciary, or if any negotiable instrument payable or indorsed...
• Section 19-1-5 Check drawn by fiduciary payable to third person
  If a check or other bill of exchange is drawn by a fiduciary as such, or in the name of his principal by a fiduciary...
• Section 19-1-6 Check drawn by and payable to fiduciary
  If a check or other bill of exchange is drawn by a fiduciary as such or in the name of his principal by a fiduciary...
• Section 19-1-7 Deposit in name of fiduciary as such
  If a deposit is made in a bank to the credit of a fiduciary as such, the bank is authorized to pay the amount of...
• Section 19-1-8 Deposit in name of principal
  If a check is drawn upon the account of his principal in a bank by a fiduciary who is empowered to draw checks upon his...
• Section 19-1-9 Deposit in fiduciary's personal account
  If a fiduciary makes a deposit in a bank to his personal credit of checks drawn by him upon an account in his own name...
• Section 19-1-10 Deposit in names of two or more fiduciaries
  When a deposit is made in a bank in the name of two or more persons as fiduciaries and a check is drawn upon the...
• Section 19-1-11 Chapter not retroactive
  The provisions of this chapter shall not apply to transactions taking place prior to July 7, 1943.
• Section 19-1-12 Cases not provided for in chapter
  In any case not provided for in this chapter the rules of law and equity, including the law merchant and those rules of law and...
• Section 19-1-13 Uniformity of interpretation
  This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it.

Last modified: May 3, 2021