For the purpose of granting consent or approval with regard to the acts or accounts of a personal representative or trustee, including relief from liability or penalty for failure to post bond, or to perform other duties, and for purposes of consenting to modification or termination of a trust or to deviation from its terms, the sole holder or all co-holders of a presently exercisable general power of appointment, including one in the form of a power of amendment or revocation, are deemed to act for beneficiaries to the extent their interests (as objects, takers in default, or otherwise) are subject to the power.
Structure Code of Alabama
Title 43 - Wills and Decedents' Estates.
Article 1 - General Provisions.
Section 43-8-1 - General Definitions.
Section 43-8-2 - Construction of Chapter; Purposes and Policies.
Section 43-8-3 - Supplementary Effect of Principles of Law and Equity.
Section 43-8-4 - Construction Against Implied Repeal.
Section 43-8-5 - Relief Against Fraud; Limitations.
Section 43-8-6 - Rules of Evidence; Evidence as to Death or Status; Presumption of Death.
Section 43-8-7 - Effect of Acts by Holder of General Power of Appointment, etc., on Beneficiaries.
Section 43-8-8 - Effective Date; Transition Provisions.
Section 43-8-9 - Savings Provision for Counties of Jefferson and Mobile.