Alabama Code 10A-10-1.18. Nonliability of shareholders for obligations of trust
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 10A-10-1.18
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
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.