Section 5-12A-14 Accountings. - Alabama Statutes

Section 5-12A-14

Accountings.

Unless ordered by a court of competent jurisdiction, a trust institution administering a common trust fund shall not be required to render a court accounting with regard to such fund, but it may file returns and make accountings in the same manner and for the same purposes as is provided by law for other fiduciaries.

(Acts 1980, No. 80-658, §5-12-14.)