Upon the petition of an interested person, a circuit court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the 100 years allowed by Section 35-4A-2(a)(2), (b)(2), or (c)(2) or the 360 years allowed by Section 35-4A-5(9) if:
(1) a nonvested property interest or a power of appointment becomes invalid under Section 35-4A-2 (statutory rule against perpetuities);
(2) a class gift is not but might become invalid under Section 35-4A-2 (statutory rule against perpetuities) and the time has arrived when the share of any class member is to take effect in possession or enjoyment; or
(3) a nonvested property interest that is not validated by Section 35-4A-2(a)(1) can vest but not within 100 years after its creation or in the case of a trust which meets the requirements of Section 35-4A-5(9), 360 years of its creation.
Structure Code of Alabama
Chapter 4A - Alabama Uniform Statutory Rule Against Perpetuities.
Section 35-4A-1 - Short Title.
Section 35-4A-2 - Statutory Rule Against Perpetuities.
Section 35-4A-3 - When Nonvested Property Interest or Power of Appointment Created.
Section 35-4A-4 - Reformation.
Section 35-4A-5 - Exclusions From Statutory Rule Against Perpetuities.
Section 35-4A-6 - Prospective Application.
Section 35-4A-7 - Uniformity of Application and Construction.