Alabama Code 19-3-150. “Fiduciary” defined
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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.)
Terms Used In Alabama Code 19-3-150
- Decedent: A deceased person.
- Executor: A male person named in a will to carry out the decedent
- Inter vivos: Transfer of property from one living person to another living person.
- Trustee: A person or institution holding and administering property in trust.