reglab/housing_qa huggingface dataset:
AL Code § 19-3-80 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 4 - Fiduciary Funds in Hands of Officials.|Section 19-3-80 - "Fiduciary Funds" Defined.

Section 19-3-80"Fiduciary funds" defined. "Fiduciary funds," as used in this article, shall include any sums whatsoever which have come into the hands of such officer and of which he is not the absolute and unqualified owner, including witness fees and other fees or funds to which any person other than himself is entitled. (Acts 1909, No. 133, p. 166; Code 1923, §10459; Code 1940, T. 58, §31.)
AL Code § 19-3-81 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 4 - Fiduciary Funds in Hands of Officials.|Section 19-3-81 - Fiduciary Funds in Hands of Register, Probate Judge, Sheriff, and Clerk to Be Reported.

Section 19-3-81Fiduciary funds in hands of register, probate judge, sheriff, and clerk to be reported. Every register, probate judge, sheriff, clerk and register shall prepare a report in writing showing the amount of all fiduciary funds in the hands of such official, designating the name of the owner and the case or the circumstances under which the same was received, which statement shall be verified. (Acts 1909, No. 133, p. 166; Code 1923, §10458; Code 1940, T. 58, §30.)
AL Code § 19-3-82 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 4 - Fiduciary Funds in Hands of Officials.|Section 19-3-82 - Filing of Reports of Clerk and Register.

Section 19-3-82Filing of reports of clerk and register. The register and the clerk shall file the report with the judge of the court of which he is the clerk, or clerk and register, at the first session of said court after January 1 of each year. (Acts 1909, No. 133, p. 166; Code 1923, §10460; Code 1940, T. 58, §32.)
AL Code § 19-3-83 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 4 - Fiduciary Funds in Hands of Officials.|Section 19-3-83 - Filing of Sheriff's Report.

Section 19-3-83Filing of sheriff's report. The sheriff shall file, at the first session held after the first day of January of each court under whose processes he holds any money, the report required by this article. (Acts 1909, No. 133, p. 166; Code 1923, §10464; Code 1940, T. 58, §33.)
AL Code § 19-3-84 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 4 - Fiduciary Funds in Hands of Officials.|Section 19-3-84 - Reports to Be Open to Public.

Section 19-3-84Reports to be open to public. The judge of such court shall carefully examine said report and order the same recorded by the clerk of the court in a well-bound book, kept for that purpose, which book shall be open to the inspection of the public. (Acts 1909, No. 133, p. 166; Code 1923, §10462; Code 1940, T. 58, §34.)
AL Code § 19-3-85 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 4 - Fiduciary Funds in Hands of Officials.|Section 19-3-85 - Filing and Recordation of Probate Judge's Report.

Section 19-3-85Filing and recordation of probate judge's report. The probate judge shall file such statement in his court within the first 10 days of January of each year and record the same in a book kept for that purpose, which book shall be open to the inspection of the public. (Acts 1909, No. 133, p. 166; Code 1923, §10463; Code 1940, T. 58, §35.)
AL Code § 19-3-86 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 4 - Fiduciary Funds in Hands of Officials.|Section 19-3-86 - Enforcement.

Section 19-3-86Enforcement. The judges of courts of record in this state, at the first session of their courts held after January 1, shall enforce the provisions of this article and, if such report is not filed within the first day of said court, shall issue a mandatory order requiring the filing of said report and, unless the same is filed within the time named in said order, shall punish officers so in default for contempt of court. (Acts 1909, No. 133, p. 166; Code 1923, §10464; Code 1940, T. 58, §36.)
AL Code § 19-3-87 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 4 - Fiduciary Funds in Hands of Officials.|Section 19-3-87 - Unclaimed Funds.

Section 19-3-87Unclaimed funds. If at any time it should appear to the court, or be made known to the court, that any balance has been in the hands of any officer for a period of five years and the same remains unclaimed, it may make an order directing the same to be paid into the treasury of said county, and a separate account shall be kept of all such payments and so designated as to identify each transaction. Any person entitled to any amount so paid into the treasury or any part thereof may within 10 years after such payment into the treasury recover the amount to which he may be entitled, without interest, by obtaining an order from the court under whose order the same was paid into the treasury. Such order may be made by the court on summary motion against the probate judge of the county after five days' notice unless the court for sufficient reasons continues the hearing to a further time. (Acts 1909, No. 133, p. 166; Code 1923, §§10465, 10466; Code 1940, T. 58, §§37, 38.)
AL Code § 19-3-100 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 5 - Liability of Trust Estate and Remedy for Enforcing. Repealed.|Section 19-3-100 - When Trust Estate May Become Liable.

Section 19-3-100When trust estate may become liable. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1876, §3747; Code 1886, §3504; Code 1896, §4183; Code 1907, §6085; Code 1923, §10422; Code 1940, T. 58, §39.)
AL Code § 19-3-101 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 5 - Liability of Trust Estate and Remedy for Enforcing. Repealed.|Section 19-3-101 - Petition to Enforce Liability - Filing; Substitution of Parties.

Section 19-3-101Petition to enforce liability - Filing; substitution of parties. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1876, §3747; Code 1886, §3565; Code 1896, §4184; Code 1907, §6086; Code 1923, §10423; Code 1940, T. 58, §40.)
AL Code § 19-3-102 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 5 - Liability of Trust Estate and Remedy for Enforcing. Repealed.|Section 19-3-102 - Petition to Enforce Liability - Judgment Charging Estate.

Section 19-3-102Petition to enforce liability - Judgment charging estate. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1876, §3747; Code 1886, §3566; Code 1896, §4185; Code 1907, §6087; Code 1923, §10424; Code 1940, T. 58, §41.)
AL Code § 19-3-103 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 5 - Liability of Trust Estate and Remedy for Enforcing. Repealed.|Section 19-3-103 - Petition to Enforce Liability - Pending Action for Administration.

Section 19-3-103Petition to enforce liability - Pending action for administration. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1867, §4425; Code 1876, §3748; Code 1886, §3567; Code 1896, §4186; Code 1907, §6088; Code 1923, §10425; Code 1940, T. 58, §42.)
AL Code § 19-3-104 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 5 - Liability of Trust Estate and Remedy for Enforcing. Repealed.|Section 19-3-104 - Petition to Enforce Liability - Charging Real Property.

Section 19-3-104Petition to enforce liability - Charging real property. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1886, §3568; Code 1896, §4187; Code 1907, §6089; Code 1923, §10426; Code 1940, T. 58, §43.)
AL Code § 19-3-105 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 5 - Liability of Trust Estate and Remedy for Enforcing. Repealed.|Section 19-3-105 - Misapplication of Assets.

Section 19-3-105Misapplication of assets. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1907, §6090; Code 1923, §10427; Code 1940, T. 58, §44.)
AL Code § 19-3-106 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 5 - Liability of Trust Estate and Remedy for Enforcing. Repealed.|Section 19-3-106 - Tracing Misapplied Assets.

Section 19-3-106Tracing misapplied assets. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1907, §6091; Code 1923, §10428; Code 1940, T. 58, §45.)
AL Code § 19-3-107 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 5 - Liability of Trust Estate and Remedy for Enforcing. Repealed.|Section 19-3-107 - Framing Relief So as to Render Trust Effectual.

Section 19-3-107Framing relief so as to render trust effectual. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1907, §6092; Code 1923, §10429; Code 1940, T. 58, §46.)
AL Code § 19-3-120.1 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-120.1 - Investments in Common Trusts, Collective Investment Funds, and Interests of Investment Companies and Trusts.

Section 19-3-120.1Investments in common trusts, collective investment funds, and interests of investment companies and trusts. In addition to the investments authorized by Section 19-3-120, by any other provision of law for the investment of funds held by a trustee, executor, administrator, guardian, conservator or other fiduciary, or by the will, trust agreement or other document which is the source of authority, such fiduciary, other than a trustee governed by Chapter 3B, may invest in and hold (1) interests, however evidenced, in any common trust fund or other collective investment fund maintained by any national or state chartered bank, trust company or savings and loan association having trust powers, or (2) securities of or other interests in any open-end or closed-end management type investment company or investment trust registered under the Investment Company Act of 1940, as from time to time amended, so long as the portfolio of such common trust fund, collective investment fund or investment company or investment trust consists of investments authorized with respect to such fiduciary by Section 19-3-120, by any other provision of law, or by the will, trust agreement or other document which is the source of authority. The fact that such fiduciary or any affiliate thereof is providing services to the investment company or investment trust as an investment advisor, sponsor, distributor, custodian, transfer agent, registrar, or otherwise, and is receiving reasonable remuneration for such services, shall not preclude such fiduciary from investing in the securities of such investment company or investment trust; provided, however, that with respect to any fiduciary account to which fees are charged for such services, the fiduciary shall disclose (by prospectus, account statement or otherwise) to the current income beneficiaries of such account or to any third party directing investments the basis (expressed as a percentage of asset value or otherwise) upon which the fee is calculated. This section shall not, insofar as such authorization may be prohibited by the constitution of this state, authorize the investment of trust funds in the stock of any private corporations. Effective January 1, 2007, investments by trustees in common trusts, collective investment funds, and interests of investment companies and trusts, shall be governed by Chapter 3B instead of this section. (Acts 1984, No. 84-279, p. 466, §1; Acts 1990, No. 90-651, p. 1247, §1; Act 2006-216, p. 314, §3.)
AL Code § 19-3-121 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-121 - Interest-Bearing Warrants.

Section 19-3-121Interest-bearing warrants. A trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, with the exercise of reasonable business prudence, in addition to any other investments now permitted by law, invest funds in interest-bearing warrants of any county board of education or city board of education in the State of Alabama, which warrants are secured by a pledge of a special county ad valorem tax for schools or a special district ad valorem tax for schools. (Acts 1939, Ex. Sess., No. 16, p. 17; Code 1940, T. 58, §48; Acts 1949, No. 133, p. 163.)
AL Code § 19-3-122 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-122 - Securities Issued or Insured by Secretary of Housing and Urban Development.

Section 19-3-122Securities issued or insured by secretary of housing and urban development. It shall be lawful for trustees, executors, administrators, guardians and other fiduciaries, the State of Alabama and any of its departments, boards, institutions and agencies, and the municipalities, counties and other political subdivisions of the state to invest their funds and the moneys in their custody or possession eligible for investment in notes or bonds secured by mortgage or trust deed insured by the Secretary of Housing and Urban Development or his predecessor officer pursuant to the laws and regulations governing the insurance of such as now constituted or as hereafter amended and in debentures issued by such official. (Acts 1939, No. 153, p. 227; Code 1940, T. 58, §49.)
AL Code § 19-3-123 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-123 - Mortgages Insured by Secretary of Housing and Urban Development - Investment.

Section 19-3-123Mortgages insured by secretary of housing and urban development - Investment. It shall be lawful for trustees, executors, administrators, guardians and other fiduciaries to invest their funds and the moneys in their custody or possession eligible for investment in mortgages which have been accepted for insurance by the secretary of housing and urban development or his predecessor officer pursuant to Title 2 of the National Housing Act. No law of this state requiring security upon which loans or investments may be made or prescribing the nature, amount or form of such security or prescribing or limiting the period for which loans or investments may be made shall be deemed to apply to loans or investments made pursuant to the foregoing paragraph. (Acts 1935, No. 53, p. 124; Code 1940, T. 58, §50.)
AL Code § 19-3-124 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-124 - Mortgages Insured by Secretary of Housing and Urban Development - Sale, Etc.

Section 19-3-124Mortgages insured by secretary of housing and urban development - Sale, etc. It shall be lawful for trustees, executors, administrators, guardians and other fiduciaries, upon the termination of their fiduciary relationships, whether by revocation or otherwise, to make distribution of assets consisting of mortgages insured by the Secretary of Housing and Urban Development or his predecessor officer in cash rather than in kind, and in order to carry out the foregoing provision, such trustees, executors, administrators, guardians, and other fiduciaries, upon the termination of such fiduciary relationships, are hereby granted full power and authority to sell, transfer and deliver all such mortgages to other mortgagees approved by the Secretary of Housing and Urban Development or his predecessor officer, and the delivery of the proceeds of a bona fide sale of any such mortgage to the beneficial owner shall constitute full acquittance to such fiduciary as to such mortgage. (Acts 1939, No. 152, p. 226; Code 1940, T. 58, §51.)
AL Code § 19-3-125 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-125 - Life, Endowment, or Annuity Contracts.

Section 19-3-125Life, endowment, or annuity contracts. In addition to any other investment now permitted by law, a guardian or trustee may invest the funds of his ward or of the beneficiary of the trust in life, endowment or annuity contracts of legal reserve life insurance companies duly qualified and authorized to write such business in the State of Alabama; provided, however, that the annual premium or premiums on such contracts purchased by such guardian or trustee shall not exceed 25 percent of the income of the ward or the beneficiary for any calendar year preceding the date of such purchase. The contract must contain the following options after it has been in force for three years or less: a cash surrender value option, a paid-up insurance or endowment option, and an extended insurance or endowment option. Such contract may be issued on the life or lives of the ward or wards, or beneficiary or beneficiaries of the trust or upon the life or lives of persons in whose life or lives such ward or beneficiary of the trust has an insurable interest. The proceeds or avails of such contract shall be the sole property of the person or persons whose funds are invested therein. The contract or policy form may provide reasonable forfeiture for nonpayment of premiums and must be a form of contract which has been approved by the Commissioner of Insurance of the State of Alabama. Whether such contract so specifically provides or not, the guardian or trustee shall have the right without order of court to exercise for the use of the ward or beneficiary of the trust, any option contained in such contract; except, that the guardian or trustee shall not have the right to borrow on security of said policy or its proceeds unless authorized to do so by order of the court having jurisdiction of the guardianship or trust. The power given in this section is in addition to and not in derogation of any power of investment given a guardian or trustee under existing law, but to the extent that any statute now in force is in conflict herewith, the same shall be and is hereby repealed. (Acts 1943, No. 430, p. 399, §1.)
AL Code § 19-3-126 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-126 - Tax Anticipation Bonds, etc., of Certain Counties.

Section 19-3-126Tax anticipation bonds, etc., of certain counties. Unless otherwise directed by the court having jurisdiction thereof, or by the will, trust agreement or other document which is the source of authority, any trustee, executor, administrator, guardian or one acting in any other fiduciary capacity, may, with the exercise of reasonable business prudence, in addition to any other investments now permitted by law, invest funds in the tax anticipation bonds, warrants, certificates of indebtedness or other security heretofore or hereafter issued by any county pursuant to Constitutional Amendment No. 76. (Acts 1950, 5th Ex. Sess., No. 46, p. 91, §1.)
AL Code § 19-3-127 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-127 - Bonds of Tennessee Valley Authority.

Section 19-3-127Bonds of Tennessee Valley Authority. Bonds issued by the Tennessee Valley Authority under the provisions of the Tennessee Valley Authority Act of 1933, as amended or as the same may be hereafter amended, shall be legal investments for fiduciaries investing trust funds and for investments by savings banks and insurance companies organized under the laws of the state, and shall be eligible to be used as security for the deposit of funds of the state and its instrumentalities. (Acts 1961, Ex. Sess., No. 119, p. 2043, §1.)
AL Code § 19-3-128 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-128 - Debts Incurred Under National Housing Act and Under Acts of Congress Relating to Veterans' Benefits.

Section 19-3-128Debts incurred under National Housing Act and under acts of congress relating to veterans' benefits. All debts or extensions of credit incurred pursuant to any provision of the act of Congress known as the National Housing Act, as the same now exists or may hereafter be amended or supplemented, and all debts or extensions of credit incurred pursuant to any act of congress relating to veterans' benefits, as the same now exists or may hereafter be amended or supplemented, shall be legal investments for banks, insurance companies, savings and loan associations, trustees, fiduciaries of all types and for any other person, firm or corporation, and shall be free from any restrictions of this state as to the nature, forms, or amounts of any loans or investments. The provisions of this section supersede the provisions of any act defining legal investments in any way contrary to the provisions hereof. (Acts 1969, No. 2, p. 296.)
AL Code § 19-3-129 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-129 - General Rules of Law Govern Trustee's Liability.

Section 19-3-129General rules of law govern trustee's liability. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1876, §3742; Code 1886, §3555; Code 1896, §4174; Code 1907, §6076; Code 1923, §10413; Code 1940, T. 58, §52.)
AL Code § 19-3-130 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-130 - Investment Outside State.

Section 19-3-130Investment outside state. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1876, §3743; Code 1886, §3556; Code 1896, §4175; Code 1907, §6077; Code 1923, §10414; Code 1940, T. 58, §53.)
AL Code § 19-3-131 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-131 - Petition to Obtain Authority; Notice.

Section 19-3-131Petition to obtain authority; notice. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1876, §3743; Code 1886, §3557; Code 1896, §4176; Code 1907, §6078; Code 1923, §10415; Code 1940, T. 58, §54.)
AL Code § 19-3-132 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 6 - Investment of Trust Estate.|Section 19-3-132 - Judgment on Hearing.

Section 19-3-132Judgment on hearing. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1876, §3743; Code 1886, §3559; Code 1896, §4178; Code 1907, §6080; Code 1923, §10417; Code 1940, T. 58, §55.)
AL Code § 19-3-150 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 7 - Participation in Partnerships.|Section 19-3-150 - "Fiduciary" Defined.

Section 19-3-150"Fiduciary" defined. As used in this article, the term "fiduciary" means the executor of a will, the administrator of a decedent's estate or the trustee of an express inter vivos or testamentary trust, and includes both individual and corporate fiduciaries. (Acts 1961, No. 1011, p. 1588, §I.)