2015 Code of Alabama
Title 19 - FIDUCIARIES AND TRUSTS.
Chapter 3A - ALABAMA PRINCIPAL AND INCOME ACT.
Article 6 - Miscellaneous Provisions.
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 estates, and such written consent shall conclusively bind all persons who may have any interest in the affected trust or decedent's estate, including all contingent remainder beneficiaries and potential appointees of the affected trust or decedent's estate.
(Act 2000-675, p. 1343, §1.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
