2006 Alabama Code - Section 5-11A-4 — Use of word "trust" in corporate or partnership name.

No corporation which is not organized and operating as a trust company or as a bank or as a combined bank and trust company which has not complied with the requirements of Sections 5-11A-1 and 5-11A-3 shall use the word "trust" as a part of its corporate name, and no such corporation shall use the word "trust" in connection with the business of said corporation with intent to give the impression that such corporation is organized and operating as a trust company in accordance with the provisions of Sections 5-11A-1 and 5-11A-3. Any corporation violating any of the provisions of this section shall thereby make void the organization of such corporation, and its stockholders shall thereupon become liable as partners. No limited partnership or other partnership shall use the word "trust" as part of its name.

(Acts 1980, No. 80-658, §5-11-4.)