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2018 Code of Alabama
Title 35 - PROPERTY.
Chapter 4A - ALABAMA UNIFORM STATUTORY RULE AGAINST PERPETUITIES.
Section 35-4A-6 - Prospective application.
Universal Citation:
AL Code § 35-4A-6 (2018)
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Section 35-4A-6Prospective application.
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.
(Act 2011-532, p. 880, §1.)
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