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2022 Code of Alabama
Title 19 - Fiduciaries and Trusts.
Chapter 3 - Trusts.
Article 2 - Express Trusts for Payment or Security of Debts.
Section 19-3-20 - Right of Creditors to Apply for Order Requiring Trustee to Give Bond.
Universal Citation: AL Code § 19-3-20 (2022)
Right of creditors to apply for order requiring trustee to give bond.
When an express trust is created for the payment or security of debts and, by the terms thereof, the trustee is not required to give bond with surety, any creditor interested therein may apply to the register or clerk of the circuit court of the county in which the trust property, or the most valuable portion thereof, may be, for an order requiring such trustee to give bond with surety for the faithful administration of the trust.
(Code 1886, §3549; Code 1896, §4152; Code 1907, §6054; Code 1923, §10391; Code 1940, T. 58, §8.)
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