STATE STATUTES & CODES

ALABAMA STATUTES AND CODES

Chapter 3B — ALABAMA UNIFORM TRUST CODE.

• Section 19-3B-101 Short title.
• Section 19-3B-102 Scope.
• Section 19-3B-103 Definitions.
• Section 19-3B-104 Knowledge.
• Section 19-3B-105 Default and mandatory rules.
• Section 19-3B-106 Common law of trusts; principles of equity.
• Section 19-3B-107 Governing law.
• Section 19-3B-108 Principal place of administration.
• Section 19-3B-109 Methods and waiver of notice.
• Section 19-3B-110 Others treated as qualified beneficiaries.
• Section 19-3B-111 Nonjudicial settlement agreements.
• Section 19-3B-112 Rules of construction.
• Section 19-3B-201 Role of court in administration of trust.
• Section 19-3B-202 Jurisdiction over trustee and beneficiary.
• Section 19-3B-203 Subject matter jurisdiction.
• Section 19-3B-204 Venue.
• Section 19-3B-205 Judicial accountings and settlements.
• Section 19-3B-301 Representation: Basic effect.
• Section 19-3B-302 Representation by holder of power of appointment.
• Section 19-3B-303 Representation by fiduciaries and ancestors.
• Section 19-3B-304 Representation by person having substantially identical interest.
• Section 19-3B-305 Appointment of representative.
• Section 19-3B-401 Methods of creating trust.
• Section 19-3B-402 Requirements for creation.
• Section 19-3B-403 Trusts created in other jurisdictions.
• Section 19-3B-404 Trust purposes.
• Section 19-3B-405 Charitable purposes; enforcement.
• Section 19-3B-406 Creation of trust induced by fraud, duress, or undue influence.
• Section 19-3B-407 Evidence of oral trust.
• Section 19-3B-408 Trust for care of animal.
• Section 19-3B-409 Noncharitable trust without ascertainable beneficiary.
• Section 19-3B-410 Modification or termination of trust; proceedings for approval or disapproval.
• Section 19-3B-411 Modification or termination of noncharitable irrevocable trust by consent.
• Section 19-3B-412 Modification or termination because of unanticipated circumstances or inability to administer trust effectively.
• Section 19-3B-413 Cy pres.
• Section 19-3B-414 Modification or termination of uneconomic trust.
• Section 19-3B-415 Reformation to correct mistakes.
• Section 19-3B-416 Modification to achieve settlor's tax objectives.
• Section 19-3B-417 Combination and division of trusts.
• Section 19-3B-501 Rights of beneficiary's creditor or assignee.
• Section 19-3B-502 Spendthrift provision.
• Section 19-3B-503 Exceptions to spendthrift provision.
• Section 19-3B-504 Discretionary trusts; effect of standard.
• Section 19-3B-505 Creditor's claim against settlor.
• Section 19-3B-506 Overdue distribution.
• Section 19-3B-507 Personal obligations of trustee.
• Section 19-3B-508 Qualified trusts under the Internal Revenue Code.
• Section 19-3B-601 Capacity of settlor of revocable trust.
• Section 19-3B-602 Revocation or amendment of revocable trust.
• Section 19-3B-603 Settlor's powers; powers of withdrawal.
• Section 19-3B-604 Limitation on action contesting validity of revocable trust; distribution of trust property.
• Section 19-3B-701 Accepting or declining trusteeship.
• Section 19-3B-702 Trustee's bond.
• Section 19-3B-703 Co-trustees.
• Section 19-3B-704 Vacancy in trusteeship; appointment of successor.
• Section 19-3B-705 Resignation of trustee.
• Section 19-3B-706 Removal of trustee.
• Section 19-3B-707 Delivery of property by former trustee.
• Section 19-3B-708 Compensation of trustee.
• Section 19-3B-709 Reimbursement of expenses.
• Section 19-3B-801 Duty to administer trust.
• Section 19-3B-802 Duty of loyalty.
• Section 19-3B-803 Impartiality.
• Section 19-3B-804 Prudent administration.
• Section 19-3B-805 Costs of administration.
• Section 19-3B-806 Trustee's skills.
• Section 19-3B-807 Delegation by trustee.
• Section 19-3B-808 Powers to direct.
• Section 19-3B-809 Control and protection of trust property.
• Section 19-3B-810 Recordkeeping and identification of trust property.
• Section 19-3B-811 Enforcement and defense of claims.
• Section 19-3B-812 Collecting trust property.
• Section 19-3B-813 Duty to inform and report.
• Section 19-3B-814 Discretionary powers; tax savings.
• Section 19-3B-815 General powers of trustee.
• Section 19-3B-816 Specific powers of trustee.
• Section 19-3B-817 Distribution upon termination.
• Section 19-3B-818 Life insurance policies held by trustee.
• Section 19-3B-901 Prudent investor rule.
• Section 19-3B-902 Standard of care; portfolio strategy; risk and return objectives.
• Section 19-3B-903 Diversification.
• Section 19-3B-904 Duties at inception of trusteeship.
• Section 19-3B-905 Reviewing compliance.
• Section 19-3B-906 Language invoking standard of prudent investor rule.
• Section 19-3B-1001 Remedies for breach of trust.
• Section 19-3B-1002 Damages for breach of trust.
• Section 19-3B-1003 Damages in absence of breach.
• Section 19-3B-1004 Reserved.
• Section 19-3B-1005 Limitation of action against trustee.
• Section 19-3B-1006 Reliance on trust instrument.
• Section 19-3B-1007 Event affecting administration or distribution.
• Section 19-3B-1008 Exculpation of trustee.
• Section 19-3B-1009 Beneficiary's consent, release, or ratification.
• Section 19-3B-1010 Limitation on personal liability of trustee.
• Section 19-3B-1011 Interest as general partner.
• Section 19-3B-1012 Protection of person dealing with trustee.
• Section 19-3B-1013 Certification of trust.
• Section 19-3B-1101 Protection of special needs trusts and other similar trusts for disabled persons.
• Section 19-3B-1201 Uniformity of application and construction.
• Section 19-3B-1202 Electronic records and signatures.
• Section 19-3B-1203 Severability clause.
• Section 19-3B-1204 Application to existing relationships.
• Section 19-3B-1301 Trust concerning lands required to be in writing.
• Section 19-3B-1302 Trust void as to creditors or purchasers without notice.
• Section 19-3B-1303 Trust estate not descendible upon death of trustee.
• Section 19-3B-1304 Trusts for employees or self-employed persons.
• Section 19-3B-1305 Trusts consisting of insurance policies or proceeds.

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