2006 Alabama Code - Section 19-3-325 — Concurrence of all co-trustees required.
If two or more persons are appointed co-trustees and unless the trust instrument provides otherwise, the concurrence of all is required on all acts connected with the administration of the trust. This restriction does not apply:
(1) When any co-trustee receives and receipts for property due the trust,
(2) When the concurrence of all cannot readily be obtained in time reasonably available for emergency action necessary to preserve the trust estate, or
(3) When a co-trustee has been delegated to act for the others.
(Acts 1995, No. 95-310, p. 571, §6.)
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