Alabama Code 7-3-206. Restrictive indorsement
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Terms Used In Alabama Code 7-3-206
- Fiduciary: A trustee, executor, or administrator.
- following: means next after. See Alabama Code 1-1-1
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
- Trustee: A person or institution holding and administering property in trust.