Alabama Code 19-3A-302. Apportionment of receipts and disbursements upon decedent’s death or when income interest begins
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Terms Used In Alabama Code 19-3A-302
- Decedent: A deceased person.
- Fiduciary: A trustee, executor, or administrator.
- following: means next after. See Alabama Code 1-1-1
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.