(a) The grantor, in any conveyance, may reserve to himself any power beneficial, or in trust, which he may lawfully grant to another.
(b) When the grantor in any conveyance reserves to himself, for his own benefit, an absolute power of revocation, such grantor must be taken as the absolute owner of the estate conveyed, as to the rights of creditors and purchasers.
Structure Code of Alabama
Chapter 4 - Conveyances and Creation of Estates.
Section 35-4-290 - Reservation of Power by Grantor.
Section 35-4-291 - Powers Deemed Absolute.
Section 35-4-292 - Effect of Grant of Absolute Power.
Section 35-4-293 - Dispositions Valid to Extent of Power.
Section 35-4-294 - Power Disposing of Real Estate Required to Be in Writing.
Section 35-4-295 - Requirements for Disposition by Devise or Will.
Section 35-4-296 - Execution in Cases Where Instrument Specified Is Insufficient.
Section 35-4-297 - Disposition By, Between, or Among Several Persons Generally.
Section 35-4-298 - Execution of Power Upon Death of Trustee With Right of Selection.
Section 35-4-299 - Consent of Third Persons to Execution of Power.
Section 35-4-300 - Disposition to or Among Children.
Section 35-4-301 - Powers Irrevocable Unless Otherwise Indicated.
Section 35-4-302 - Release of Powers.
Section 35-4-304 - Execution of Power by Surviving Donee.
Section 35-4-305 - Special and Beneficial Powers Liable to Claims of Creditors.
Section 35-4-306 - Article Not Extended to Simple Power of Attorney.