The dispute is over the management of the Mabel Amos Memorial Fund, established by a former Alabama Secretary of State.
Alabama Secretary of State Mabel Amos in her office in Montgomery in 1966. Shot for The Birmingham News by Robert Adams.The Alabama Supreme Court on Friday upheld a judge’s order to appoint a certified public accountant to take possession of and administer a trust fund that is the subject of lawsuits involving top state officials and Regions Bank.
Amos was a Conecuh County native who was Alabama secretary of state from 1967 to 1975 and who died in 1999. Amos established the Memorial Fund to help Alabama students pay for college. The trust fund board determines which student applicants receive scholarships.in 2022 and 2023, claim that Regions Bank and some Memorial Fund board members, including Alabama Ethics Commission Executive Director Tom Albritton, breached their duties as trustees.
Under Griffin’s order, White was also to conduct a full accounting to make a recommendation to the court whether breaches, if any, justified removal of the trustees and if they should be required to repay the fund and legal cost because of the breaches.In Friday’s ruling, the Supreme Court upheld Griffin’s order to the extent that the CPA will administer the fund and protect its assets while the case is pending.
Lawyers for Regions Bank and the board members have previously filed motions to dismiss the lawsuits. Lawyers for Albritton said the lawsuits did not establish why the scholarship money awarded to his children amounted to a breach of his duties as a trustee.
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