Alabama Statutes
§ 19-3A-605 — Consent of Beneficiaries
Alabama·Title 19 Fiduciaries and Trusts·Ch. 3A Alabama Principal and Income Act·Art. 6 Miscellaneous Provisions
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 19-3A-605 (Consent of Beneficiaries) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Act 2000-675, p. 1343, §1.)
Nearby Sections
15
§ 19-1-1
Short Title§ 19-1-11
Chapter Not Retroactive§ 19-1-12
Cases Not Provided for in Chapter§ 19-1-13
Uniformity of Interpretation§ 19-1-2
Definitions§ 19-1-8
Deposit in Name of Principal§ 19-1A-1
Short Title