No use, trust, or confidence can be declared of any land, or of any charge upon the same, for the mere benefit of third persons; and all assurances declaring any such use, trust, or confidence must be held and taken to vest the legal estate in the person or persons for whom the same is declared; and no estate or interest can vest thereby in any trustee.
Structure Code of Alabama
Chapter 4 - Conveyances and Creation of Estates.
Article 10 - Trust Estate and Uses.
Section 35-4-250 - Effect of Use, Trust, or Confidence for Mere Benefit of Third Persons.
Section 35-4-252 - Term of Trust for Accumulation.
Section 35-4-253 - Application of Income for Accumulation to Support of Minor.
Section 35-4-254 - Responsibility of Payor for Payment Made to Trustee.
Section 35-4-255 - Trust Concerning Lands Required to Be in Writing.
Section 35-4-256 - Trust Void as to Creditors or Purchasers Without Notice.
Section 35-4-257 - Recording as Notice of Trust.
Section 35-4-259 - Trusts for Employees or Self-Employed Persons.
Section 35-4-258 - Trust Estate Not Descendible Upon Death of Trustee.
Section 35-4-260 - Trusts Consisting of Insurance Policies or Proceeds.