2017 Code of Alabama
Title 10A - ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE.
Chapter 10 - REAL ESTATE INVESTMENT TRUSTS.
Section 10A-10-1.18 - Nonliability of shareholders for obligations of trust.

Universal Citation: AL Code § 10A-10-1.18 (2017)
Section 10A-10-1.18Nonliability of shareholders for obligations of trust.

No holder of the shares of, or beneficial interest in, a real estate investment trust shall be personally liable for any liabilities, duties or obligations of, or claims against, the real estate investment trust, whether arising before or after the holder became the owner or holder of the shares or beneficial interest.

(Acts 1995, No. 95-628, p. 1317, §18; §10-13-18; amended and renumbered by Act 2009-513, p. 967, §308.)
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