Alabama Code (Last Updated: November 28, 2014) |
Title19 FIDUCIARIES AND TRUSTS. |
Chapter3. TRUSTS. |
Article2. Express Trusts for Payment or Security of Debts. |
§19-3-39. Compromise or sale of bad debts.
Latest version.
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Upon the application of the trustee, the court may authorize the compromise of any bad and doubtful debts or choses in action belonging to the trust estate, or the sale thereof to the highest bidder, on such terms and notice as the court may prescribe.