40-27-1
Section 40-27-1 Compact adopted; terms. The following Multistate Tax Compact is hereby approved,
adopted and enacted into law by the State of Alabama: Multistate Tax Compact Article I. Purposes.
The purposes of this compact are to: 1. Facilitate proper determination of state and local
tax liability of multistate taxpayers, including the equitable apportionment of tax bases
and settlement of apportionment disputes. 2. Promote uniformity or compatibility in significant
components of tax systems. 3. Facilitate taxpayer convenience and compliance in the filing
of tax returns and in other phases of tax administration. 4. Avoid duplicative taxation. Article
II. Definitions. As used in this compact: 1. "State" means a state of the United
States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or possession
of the United States. 2. "Subdivision" means any governmental unit or special district
of a state. 3. "Taxpayer" means any corporation, partnership, firm,...
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43-2-847
Section 43-2-847 Powers of surviving personal representative. Unless the terms of the will
otherwise provide, every power exercisable by personal co-representatives may be exercised
by the one or more remaining after the appointment of one or more is terminated, and if one
of two or more nominated as personal co-representatives is not appointed, those appointed
may exercise all the powers incident to the office. (Acts 1993, No. 93-722, p. 1411, §18.)...

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43-2-832
Section 43-2-832 Priority among different letters. A person to whom general letters are issued
first has exclusive authority under the letters until the appointment is terminated or modified.
If, through error, general letters are afterwards issued to another, the first appointed personal
representative may recover any property of the estate in the hands of the personal representative
subsequently appointed, but the acts of the latter done in good faith before notice of the
first letters are not void for want of validity of appointment. (Acts 1993, No. 93-722, p.
1411, §3.)...
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43-2-839
Section 43-2-839 Powers of personal representatives; in general. Until termination of the appointment,
a personal representative has the same power over the title to property of the estate, subject
to Sections 43-2-843 and 43-2-844, that an absolute owner would have, in trust however, for
the benefit of the creditors and others interested in the estate. This power may be exercised
without notice, hearing, or order of court. (Acts 1993, No. 93-722, p. 1411, §10.)...
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43-2-844
Section 43-2-844 Transactions authorized for personal representatives; prior court approval.
Unless expressly authorized by the will, a personal representative, only after prior approval
of court, may: (1) Acquire or dispose of an asset, including land in this or another state,
for cash or on credit, at public or private sale; and manage, develop, improve, exchange,
partition, change the character of, or abandon an estate asset. (2) Make ordinary or extraordinary
repairs or alterations in buildings or other structures, demolish any improvements, or raze
existing or erect new party walls or buildings. (3) Subdivide, develop, or dedicate land to
public use; make or obtain the vacation of plats and adjust boundaries; adjust differences
in valuation on exchange or partition by giving or receiving considerations; or dedicate easements
to public use without consideration. (4) Enter for any purpose into a lease as lessor or lessee,
with or without option to purchase or renew, for a term of...
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43-2-851
Section 43-2-851 Bond. (a) The court must require a personal representative or special administrator
to furnish bond payable to the judge of probate conditioned upon faithful discharge of all
duties of the trust according to law, with sureties as it shall specify. Unless otherwise
directed, the bond must be in the amount of the aggregate capital value of the property of
the estate in the personal representative's control, plus one year's estimated income, and
minus the value of securities deposited under arrangements requiring an order of the court
for their removal and the value of any land which the fiduciary, pursuant to Section 43-2-844,
lacks power to sell or convey without court authorization. The court, in lieu of sureties
on a bond, may accept other collateral for the performance of the bond, including a pledge
of securities or any other assets or a mortgage of land. (b) The court may at any time reduce
the bond of the personal representative or require the personal...
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26-2A-8
Section 26-2A-8 Application to existing relationships. Guardianships created prior to January
1, 1988, and continuing in effect on January 1, 1988, are not terminated, even though the
statute under which the appointment was made may be repealed by this chapter. Those guardianships
continue in effect as they existed prior to this chapter with all of the powers and duties
of the guardianship, except that the guardian previously appointed in addition will have the
powers and duties of a guardian and a conservator under this chapter to the extent that the
powers and duties under this chapter may be broader or more clearly expressed. (Acts 1987,
No. 87-590, p. 975, §2-334.)...
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26-2A-9
Section 26-2A-9 Preservation of powers and duties of existing curators; curators become conservators
on January 1, 1997. (a) A curator appointed pursuant to Chapter 7A of this title prior to
August 7, 1995, and continuing in effect on August 7, 1995, is not terminated, although the
statute under which the appointment was made is repealed by Act 95-751. The curator shall
continue in effect as the curator existed prior to Act 95-751, with all of the powers and
duties of the curator on August 7, 1995. (b) If, on January 1, 1997, a curator is in existence
pursuant to subsection (a), the curator on that date shall be considered a conservator as
provided in Chapter 2A (commencing with Section 26-2A-1) of this title, with all the power
and duties of a conservator as provided in that chapter. If the powers of a curator are limited
by a court, the powers granted in this subsection are limited to the same extent. (Acts 1995,
No. 95-751, p. 1750, §2.)...
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43-2-506
Section 43-2-506 Settlement by consent without notice. In any case in which an administration
is conducted pursuant to letters testamentary or letters of administration with the will annexed
granted in this state and all legatees and distributees named in the will are of age and proof
is made that all legal charges against the estate have been paid in full, the probate court,
upon verified petition of the personal representative consented to by written instrument properly
executed and acknowledged by all legatees and distributees, may approve a consent settlement
without notice or publication or posting. In any case in which an administration is conducted
pursuant to letters testamentary or letters of administration granted in this state and such
administration in this state is ancillary to a primary administration in another state, and
proof is made that all legal charges against the estate in this state have been paid in full
and the balance of the assets of the estate in this state...
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43-2-846
Section 43-2-846 Co-representatives; when joint action required. If two or more persons are
appointed co-representatives and unless the will provides otherwise, the concurrence of all
is required on all acts connected with the administration and distribution of the estate.
This restriction does not apply: (i) when any co-representative receives and receipts for
property due the estate; (ii) when the concurrence of all cannot readily be obtained in the
time reasonably available for emergency action necessary to preserve the estate; or (iii)
when a co-representative has been delegated to act for the others. Persons dealing with a
co-representative, if actually unaware that another has been appointed to serve as co-representative
or if advised by the personal representative with whom they deal that the personal representative
has authority to act alone for any of the reasons mentioned herein, are as fully protected
as if the person with whom they dealt had been the sole personal...
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