Code of Alabama
Title 19 - Fiduciaries and Trusts.
Chapter 3B - Alabama Uniform Trust Code.

Section 19-3B-304 - Representation by Person Having Substantially Identical Interest. - (a) Unless otherwise represented, a minor, incapacitated, or unborn individual,...

Section 19-3B-305 - Appointment of Representative. - (a) If the court determines that an interest is not...

Section 19-3B-401 - Methods of Creating Trust. - A trust may be created by: (1) transfer of property...

Section 19-3B-402 - Requirements for Creation. - (a) A trust is created only if: (1) the settlor...

Section 19-3B-403 - Trusts Created in Other Jurisdictions. - A trust not created by will is validly created if...

Section 19-3B-404 - Trust Purposes. - A trust may be created only to the extent its...

Section 19-3B-405 - Charitable Purposes; Enforcement. - (a) A charitable trust may be created for the relief...

Section 19-3B-406 - Creation of Trust Induced by Fraud, Duress, or Undue Influence. - A trust is void to the extent its creation was...

Section 19-3B-407 - Evidence of Oral Trust. - Except as required by a statute other than this chapter,...

Section 19-3B-408 - Trust for Care of Animal. - (a) A trust may be created to provide for the...

Section 19-3B-409 - Noncharitable Trust Without Ascertainable Beneficiary. - Except as otherwise provided in Section 19-3B-408 or by another...

Section 19-3B-410 - Modification or Termination of Trust; Proceedings for Approval or Disapproval. - (a) In addition to the methods of termination prescribed by...

Section 19-3B-411 - Modification or Termination of Noncharitable Irrevocable Trust by Consent. - (a) If, upon petition, the court finds that the settlor...

Section 19-3B-412 - Modification or Termination Because of Unanticipated Circumstances or Inability to Administer Trust Effectively. - (a) The court may modify the administrative or dispositive terms...

Section 19-3B-413 - Cy Pres. - (a) Except as otherwise provided in subsection (b), if a...

Section 19-3B-414 - Modification or Termination of Uneconomic Trust. - (a) After notice to the qualified beneficiaries, the trustee of...

Section 19-3B-415 - Reformation to Correct Mistakes. - The court may reform the terms of a trust, even...

Section 19-3B-416 - Modification to Achieve Settlor's Tax Objectives. - To achieve the settlor's tax objectives, the court may modify...

Section 19-3B-417 - Combination and Division of Trusts. - After notice to the qualified beneficiaries, a trustee may combine...

Section 19-3B-501 - Rights of Beneficiary's Creditor or Assignee. - To the extent a beneficiary's interest is not subject to...

Section 19-3B-502 - Spendthrift Provision. - (a) A spendthrift provision is valid only if it restrains...

Section 19-3B-503 - Exceptions to Spendthrift Provision. - (a) In this section, "child" includes any person for whom...

Section 19-3B-504 - Discretionary Trusts; Effect of Standard. - (a) In this section, the terms "child", "spouse", or "former...

Section 19-3B-505 - Creditor's Claim Against Settlor. - (a) Whether or not the terms of a trust contain...

Section 19-3B-506 - Overdue Distribution. - (a) In this section, "mandatory distribution" means a distribution of...

Section 19-3B-507 - Personal Obligations of Trustee. - Trust property is not subject to personal obligations of the...

Section 19-3B-508 - Qualified Trusts Under the Internal Revenue Code. - (a) As used in this section: (1) ASSIGNMENT or ALIENATION,...

Section 19-3B-601 - Capacity of Settlor of Revocable Trust. - The capacity required to create, amend, revoke, or add property...

Section 19-3B-602 - Revocation or Amendment of Revocable Trust. - (a) Unless the terms of a trust expressly provide that...

Section 19-3B-603 - Settlor's Powers; Powers of Withdrawal. - (a) While a trust is revocable, rights of the beneficiaries...

Section 19-3B-604 - Limitation on Action Contesting Validity of Revocable Trust; Distribution of Trust Property. - (a) A person may commence a judicial proceeding to contest...

Section 19-3B-701 - Accepting or Declining Trusteeship. - (a) Except as otherwise provided in subsection (c), a person...

Section 19-3B-702 - Trustee's Bond. - (a) A trustee shall give bond to secure performance of...

Section 19-3B-703 - Co-Trustees. - (a) Co-trustees who are unable to reach a unanimous decision...

Section 19-3B-704 - Vacancy in Trusteeship; Appointment of Successor. - (a) A vacancy in a trusteeship occurs if: (1) a...

Section 19-3B-705 - Resignation of Trustee. - (a) A trustee may resign: (1) upon at least 30...

Section 19-3B-706 - Removal of Trustee. - (a) The settlor, a co-trustee, or a beneficiary may request...

Section 19-3B-707 - Delivery of Property by Former Trustee. - (a) Unless a co-trustee remains in office or the court...

Section 19-3B-708 - Compensation of Trustee. - (a) If the terms of a trust do not specify...

Section 19-3B-709 - Reimbursement of Expenses. - (a) A trustee is entitled to be reimbursed out of...

Section 19-3B-801 - Duty to Administer Trust. - Upon acceptance of a trusteeship, the trustee shall administer the...

Section 19-3B-802 - Duty of Loyalty. - (a) A trustee shall administer the trust solely in the...

Section 19-3B-803 - Impartiality. - If a trust has two or more beneficiaries, then the...

Section 19-3B-804 - Prudent Administration. - A trustee shall administer the trust as a prudent person...

Section 19-3B-805 - Costs of Administration. - In administering a trust, the trustee may incur costs that...

Section 19-3B-806 - Trustee's Skills. - A trustee who has special skills or expertise, or is...

Section 19-3B-807 - Delegation by Trustee. - (a) A trustee may delegate duties and powers that a...

Section 19-3B-808 - Powers to Direct. - (a) While a trust is revocable, the trustee may follow...

Section 19-3B-809 - Control and Protection of Trust Property. - A trustee shall take reasonable steps to take control of...

Section 19-3B-810 - Recordkeeping and Identification of Trust Property. - (a) A trustee shall keep adequate records of the administration...

Section 19-3B-811 - Enforcement and Defense of Claims. - A trustee shall take reasonable steps to enforce claims of...

Section 19-3B-812 - Collecting Trust Property. - A trustee shall take reasonable steps to compel a former...

Section 19-3B-813 - Duty to Inform and Report. - (a) Except as otherwise provided in Section 19-3B-603, the following...

Section 19-3B-814 - Discretionary Powers; Tax Savings. - (a) Notwithstanding the breadth of discretion granted to a trustee...

Section 19-3B-815 - General Powers of Trustee. - (a) A trustee, without authorization by the court, may exercise:...

Section 19-3B-816 - Specific Powers of Trustee. - (a) Without limiting the authority conferred by Section 19-3B-815, a...

Section 19-3B-817 - Distribution Upon Termination. - (a) Upon termination or partial termination of a trust, the...

Section 19-3B-818 - Life Insurance Policies Held by Trustee. - A trustee may retain any life insurance policy contributed to...

Section 19-3B-901 - Prudent Investor Rule. - (a) Except as otherwise provided in subsection (b), a trustee...

Section 19-3B-902 - Standard of Care; Portfolio Strategy; Risk and Return Objectives. - (a) A trustee shall invest and manage trust assets as...

Section 19-3B-903 - Diversification. - (a) A trustee shall diversify the investments of the trust...

Section 19-3B-904 - Duties at Inception of Trusteeship. - Within a reasonable time after accepting a trusteeship or receiving...

Section 19-3B-905 - Reviewing Compliance. - Compliance with the prudent investor rule is determined in light...

Section 19-3B-906 - Language Invoking Standard of Prudent Investor Rule. - The following terms or comparable language in the terms of...

Section 19-3B-1001 - Remedies for Breach of Trust. - (a) A violation by a trustee of a duty the...

Section 19-3B-1002 - Damages for Breach of Trust. - (a) A trustee who commits a breach of trust is...

Section 19-3B-1003 - Damages in Absence of Breach. - (a) A trustee is accountable to an affected beneficiary for...

Section 19-3B-1005 - Limitation of Action Against Trustee. - (a) A beneficiary may not commence a proceeding against a...

Section 19-3B-1006 - Reliance on Trust Instrument. - A trustee who acts in reasonable reliance on the terms...

Section 19-3B-1007 - Event Affecting Administration or Distribution. - If the happening of an event, including marriage, divorce, performance...

Section 19-3B-1008 - Exculpation of Trustee. - (a) A term of a trust relieving a trustee of...

Section 19-3B-1009 - Beneficiary's Consent, Release, or Ratification. - A trustee is not liable to a beneficiary for breach...

Section 19-3B-1010 - Limitation on Personal Liability of Trustee. - (a) Except as otherwise provided in the contract, a trustee...

Section 19-3B-1011 - Interest as General Partner. - (a) Except as otherwise provided in subsection (c) or unless...

Section 19-3B-1012 - Protection of Person Dealing With Trustee. - (a) A person other than a beneficiary who in good...

Section 19-3B-1013 - Certification of Trust. - (a) Instead of furnishing a copy of the trust instrument...

Section 19-3B-1101 - Protection of Special Needs Trusts and Other Similar Trusts for Disabled Persons. - Notwithstanding the provisions of this chapter that may otherwise be...

Section 19-3B-1201 - Uniformity of Application and Construction. - In applying and construing this uniform act, consideration must be...

Section 19-3B-1202 - Electronic Records and Signatures. - The provisions of this chapter governing the legal effect, validity,...

Section 19-3B-1203 - Severability Clause. - If any provision of this chapter or its application to...

Section 19-3B-1204 - Application to Existing Relationships. - (a) Except as otherwise provided in this chapter, on January...

Section 19-3B-1301 - Trust Concerning Lands Required to Be in Writing. - No trust concerning lands, except such as results by implication...

Section 19-3B-1302 - Trust Void as to Creditors or Purchasers Without Notice. - No such trusts, whether implied by law or created or...

Section 19-3B-1303 - Trust Estate Not Descendible Upon Death of Trustee. - Upon the death of a sole or surviving trustee of...

Section 19-3B-1304 - Trusts for Employees or Self-Employed Persons. - (a) A trust of real or personal property or real...

Section 19-3B-1305 - Trusts Consisting of Insurance Policies or Proceeds. - Trusts consisting solely of policies of life, health, accident, or...

Section 19-3B-1306 - Procedures for Release of Trustee From Duties. - (a) A trustee may obtain a settlement of its accounts...

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Code of Alabama Title 19 - Fiduciaries and Trusts. Chapter 3B - Alabama Uniform Trust Code.

Code of Alabama
Title 19 - Fiduciaries and Trusts.
Chapter 3B - Alabama Uniform Trust Code.