Alabama § 19-1-2 - Definitions.
Full text of Alabama Code of Alabama § 19-1-2 — Definitions., with citation guidance and answers to common questions.
§ 19-1-2. Definitions.
In this chapter, unless the context or subject matter otherwise requires, the following terms shall have the meanings respectively ascribed to them by this section:
(1) BANK. Any person or association of persons, whether incorporated or not, carrying on the business of banking or trust company.
(2) FIDUCIARY. A trustee under any trust, expressed, implied, resulting or constructive, executor, administrator, guardian, conservator, curator, receiver, trustee in bankruptcy, assignee for the benefit of creditors, partner, agent, officer of a corporation, public or private, public officer or any other person acting in a fiduciary capacity for any person, trust or estate.
(3) PERSON. Such term includes a corporation, partnership, or other association, or two or more persons having a joint or common interest.
(4) PRINCIPAL. Any person to whom a fiduciary as such owes an obligation.
Frequently Asked Questions About Alabama § 19-1-2
What does Code of Alabama § 19-1-2 cover?
Section 19-1-2 ("Definitions.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 19-1-2?
A common citation format is "Code of Alabama § 19-1-2" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 19-1-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.