A business trust may be sued for debts and other obligations incurred by the trustees in the performance of their duties under the declaration of trust and for any damages resulting from the negligence of the trustees, and its property shall be subject to attachment and execution in like manner as if it were a corporation.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Section 10A-16-1.01 - Definition of "Business trust."
Section 10A-16-1.02 - Establishment; Lawful Purposes.
Section 10A-16-1.03 - Powers and Liabilities of Trustees; Liability of Trust for Acts of Trustees.
Section 10A-16-1.04 - Certificate of Ownership; Liability of Beneficial Owners.
Section 10A-16-1.05 - Contents and Recordation of Declaration of Trust.
Section 10A-16-1.07 - Suits Against Trust; Property Subject to Attachment and Execution.