Alabama Code 27-33-10. Trusteed assets – Separation; record
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Terms Used In Alabama Code 27-33-10
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Trustee: A person or institution holding and administering property in trust.
The trustee shall keep the trusteed assets separate from other assets and shall maintain a record thereof sufficient to identify trusteed assets at all times.