On the filing of such inventory, the register or clerk must indorse upon each of such copies the fact and date of such filing and must appoint three competent and disinterested persons, who must not be of kin or of counsel to any person interested in the trust estate, appraisers of and in each county in which any part of the trust property may be, and must attach to the commission one of the copies of such inventory, filed by the trustee; and the appraisers must, in writing, appraise at its true value, the property described in such inventory, and set down in figures opposite each item, the appraised value thereof, add each column and carry forward the result so as to show the total valuation placed upon such property, and verify the same by affidavit and make return thereof to the register or clerk who must record the commission to the appraisers and such combined inventory and appraisement, together with the affidavits appended thereto. The other copy of the inventory filed by the trustee must be carefully preserved by the register or clerk, free to examination of all persons, but must not be recorded. The appraisers are severally entitled to $2.00 for each day's service in making such appraisement, to be taxed as costs and collected and paid over by the register or clerk.
Structure Code of Alabama
Title 19 - Fiduciaries and Trusts.
Article 2 - Express Trusts for Payment or Security of Debts.
Section 19-3-20 - Right of Creditors to Apply for Order Requiring Trustee to Give Bond.
Section 19-3-21 - Contents of Application; Notice of Hearing.
Section 19-3-22 - Hearing; Order.
Section 19-3-23 - Failure of Trustee to Give Bond; Appointment of Successor.
Section 19-3-24 - Duty of Trustee to Make Inventory; Filing of Copies; Supplemental Inventories.
Section 19-3-25 - Appointment and Duties of Appraisers.
Section 19-3-26 - When Petition for Administration May Be Filed; Contents of Petition.
Section 19-3-28 - Notice to Creditors.
Section 19-3-29 - Presentation of Claims; Verification; Receipt.
Section 19-3-30 - Claims Docket.
Section 19-3-31 - Claims Presented and Not Objected to Stand Allowed.
Section 19-3-32 - Objections to Claims - Filing of Objections.
Section 19-3-33 - Objections to Claims - Time for Hearing; Notice.
Section 19-3-34 - Objections to Claims - Conduct of Hearing; Order Allowing or Disallowing Claim.
Section 19-3-35 - Duty of Trustee to Render Account.
Section 19-3-36 - Time for Settlement; Notice to Creditors.
Section 19-3-37 - Examination and Auditing of Account; Judgment.
Section 19-3-38 - Admissibility of Evidence at Hearings; Exceptions; Appeals.
Section 19-3-39 - Compromise or Sale of Bad Debts.
Section 19-3-40 - Sale of Real Estate; Notice to Creditors.
Section 19-3-41 - When Settlements Compelled; Removal of Trustee and Appointment of Successor.