Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/19-3B-401.htm |
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Depth: | 0 singles |
Size: | 817 bytes |
Modified: | 2008-03-19 15:40:52 |
Categories: | -None- |
Title: | 19-3B-401 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 19-3B-401 Methods of creating trust. A trust may be created by: (1) transfer of property to another person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death; (2) declaration by the owner of property that the owner holds identifiable property as trustee; (3) exercise of a power of appointment in favor of a trustee; or (4) a court in the exercise of its equitable powers. (Act 2006-216, p. 314, ยง1.) |