Section 19-3-150 “Fiduciary” defined. As used in this article, the term “fiduciary” means the executor of a will, the administrator of a decedent’s estate or the trustee of an express inter vivos or testamentary trust, and includes both individual and corporate fiduciaries. (Acts 1961, No. 1011, p. 1588, §I.)
Section 19-3-151 Right of fiduciary to participate in partnership; liability of fiduciary, estate and beneficial owners. If permitted by the trust instrument or will under which he serves or by order of a court having jurisdiction of the estate or trust, a fiduciary may enter into a partnership agreement or arrangement with others or accept […]
Section 19-3-152 Power of fiduciary to limit liability of estate or himself. Nothing in this article shall be construed to prohibit a fiduciary from further limiting his liability, or the liability of the trust or estate which he represents, in any manner otherwise permitted by law. (Acts 1961, No. 1011, p. 1588, §III.)
