Section 22-21-240 Establishment, administration, etc., of trusts authorized; specification of terms, conditions and provisions of trusts. There is hereby authorized the establishment, maintenance, administration and operation of any trust established by agreement of any hospitals or other health care units licensed as such by the State of Alabama (hereinafter referred to as “hospitals”) or by […]
Section 22-21-241 Powers and liabilities of trustees of trusts. The trustees of trusts established pursuant to Section 22-21-240 shall hold the legal title to all property at any time belonging to the trust. They shall have control over such property as well as the control and management of the business and affairs of the trust. […]
Section 22-21-242 Liability of hospitals and dentists as participants in trusts. No hospital or dentist who or which is a participant in such a trust, as a grantor, member, beneficiary or otherwise, shall be liable or obligated to the trust, to the trustee, to any other grantor, member or beneficiary, to any creditor of the […]
Section 22-21-243 Rights, privileges, immunities, etc., conferred by article. All of the provisions of this article shall apply to and shall confer all rights, privileges, exemptions and immunities upon any trust established for the purposes contemplated by this article and the grantors, members, beneficiaries, participants and trustees thereof, whether such trust was established before or […]
