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2017 Code of Alabama
Title 19 - FIDUCIARIES AND TRUSTS.
Chapter 3 - TRUSTS.
Article 2 - Express Trusts for Payment or Security of Debts.
Section 19-3-39 - Compromise or sale of bad debts.
Universal Citation: AL Code § 19-3-39 (2017)
Section 19-3-39Compromise or sale of bad debts.
Upon the application of the trustee, the court may authorize the compromise of any bad and doubtful debts or choses in action belonging to the trust estate, or the sale thereof to the highest bidder, on such terms and notice as the court may prescribe.
(Code 1896, §4171; Code 1907, §6073; Code 1923, §10410; Code 1940, T. 58, §27.)
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