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 such 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 19 - Fiduciaries and Trusts.
Section 19-3-60 - Definition of "Business trust."
Section 19-3-61 - Establishment; Lawful Purposes.
Section 19-3-62 - Powers and Liabilities of Trustees; Liability of Trust for Acts of Trustees.
Section 19-3-63 - Certificates of Ownership; Liability of Beneficial Owners.
Section 19-3-64 - Contents and Recordation of Declaration of Trust.
Section 19-3-66 - Suits Against Trust; Property Subject to Attachment and Execution.