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Ala. Code § 26-2A-159

Payment of Debt and Delivery of Property to Foreign Conservator Without Local Proceedings.

Known as the Alabama Uniform Guardianship and Protective Proceedings Act

The act spans §§ 26-2A-1 to 26-2A-9 (83 sections).

(Acts 1987, No. 87-590, p. 975, §2-330.)

(a) Any person indebted to a protected person or having possession of property or of an instrument evidencing a debt, stock, or chose in action belonging to a protected person may pay or deliver it to a conservator, guardian of the estate, or other like fiduciary appointed by a court of the state of residence of the protected person upon being presented with proof of appointment and an affidavit made by or on behalf of the fiduciary stating:

(1) That no protective proceeding relating to the protected person is pending in this state; and

(2) That the foreign fiduciary is entitled to payment or to receive delivery.

(b) If the person to whom the affidavit is presented is not aware of any protective proceeding pending in this state, payment or delivery in response to the demand and affidavit discharges the debtor or possessor.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.