This chapter applies to a nonvested property interest or a power of appointment that is created on or after January 1, 2012. For purposes of this section, a nonvested property interest or a power of appointment created by the exercise of a power of appointment is created when the power is irrevocably exercised or when a revocable exercise becomes irrevocable.
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.