§ 45-35A-55 Participation in Employees’ Retirement System; transfer of assets and liabilities

Terms Used In Alabama Code > Title 45 > Chapter 35A > Article 5 > Part 6 - Pension and Retirement System

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.