{"data":{"id":"us-al/ala.-code-5-12a-8","jurisdiction":"us-al","citation":"Ala. Code § 5-12A-8","heading":"Record of Fiduciary Accounts Owning Interest in Fund; Extent of Interest.","body":"The trust institution shall designate clearly upon its records the names of the fiduciary accounts which own a participation in the common trust fund and the extent of the interest of such fiduciary accounts therein. No fiduciary account owning or holding an investment or participation in a common trust fund shall be deemed to have individual ownership of any asset in such common trust fund, but should be deemed to have only a proportionate undivided interest in the common trust fund.","path":["Title 5 Banks and Financial Institutions.","Chapter 12A Administration, Etc., of Common Trust Funds."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=5-12A-8","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"b5c097d637e1dd0dbb4db3ae7eb0f6f7e6c8e4778f6509abd24237c699d38570","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-5-12a-7","next":"us-al/ala.-code-5-12a-9"},"notice":"GroundRules: Original legal text. Not legal advice."}