Section 19-3A-601 Uniformity of application and construction. In applying and construing this uniform act, consideration shall be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. (Act 2000-675, p. 1343, §1.)
Section 19-3A-602 Severability clause. If any provision of this chapter or its application to any person or circumstance is held invalid, then the invalidity does not affect other provisions or applications of this chapter that can be given effect without the invalid provision or application, and to this end the provisions of this chapter are […]
Section 19-3A-603 Effective date. This chapter shall become effective on January 1, 2001, and shall apply to every trust and decedent’s estate created on or after such date. (Act 2000-675, p. 1343, §1.)
Section 19-3A-604 Application to existing trusts and estates. This chapter shall become applicable on January 1, 2001, to every trust and decedent’s estate already in existence on January 1, 2001, and to every testamentary trust to be created on or after January 1, 2001, from a decedent’s estate that is already in existence on January […]
Section 19-3A-605 Consent of beneficiaries. A fiduciary may at any time obtain the written consent of all of the current income beneficiaries and presumptive remainder beneficiaries of a trust or decedent’s estate as to the fiduciary’s exercise of any discretion granted under this chapter, including the application of the chapter to pre-existing trusts or decedent’s […]
Section 19-3A-606 Applicability to tenant and remainder interests. This chapter shall govern the ascertainment of income and principal, and the apportionment of receipts and disbursements between tenant and remainderman, in all cases where a principal has been established with or, unless otherwise stated in this chapter, without the interposition of a trust; except that in […]
Section 19-3A-607 Applicability of Section 19-3A-409. Section 19-3A-409, as amended by Act 2012-550, applies to a trust described in Section 19-3A-409(d) on and after the following dates: (1) If the trust is not funded as of January 1, 2013, the date of the decedent’s death. (2) If the trust is initially funded in the calendar […]
Section 19-3A-608 Application of Alabama Uniform Trust Code. The provisions of the Alabama Uniform Trust Code apply to the Alabama Principal and Income Act, except to the extent the provisions are inconsistent with the provisions of this chapter. (Act 2013-336, p. 1179, §2.)
