Code of Alabama

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10A-10-1.23
Section 10A-10-1.23 Treatment of corporate real estate investment trust. A domestic or foreign
corporation or any "qualified REIT subsidiary" of the domestic or foreign corporation
as defined in 26 U.S.C. Section 856(i), otherwise in compliance with the provisions of Chapters
1 and 2, that elects to be treated as a real estate investment trust under 26 U.S.C. Section
856, as amended from time to time, shall compute its Alabama income tax in accordance with
Section 10A-10-1.21. (Acts 1995, No. 95-628, p. 1317, §23; §10-13-23; amended and renumbered
by Act 2009-513, p. 967, §310.)...
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10-13-23
Section 10-13-23 Treatment of corporate real estate investment trust. All provisions of Title
10 have been repealed or transferred to Title 10A, effective January 1, 2011. (Acts 1995,
No. 95-628, p. 1317, §23.)...
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10A-10-1.05
Section 10A-10-1.05 Compliance required. A real estate investment trust may not do business
in the state until it complies with this chapter and, in the case of a foreign real estate
investment trust, with Article 7 of Chapter 1. (Acts 1995, No. 95-628, p. 1317, §5; §10-13-5;
amended and renumbered by Act 2009-513, p. 967, §308.)...
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19-3-64
Section 19-3-64 Contents and recordation of declaration of trust. The written declaration of
trust may provide for the election of successor trustees in the event of the death, resignation
and removal of a trustee and may provide for the amendment of said declaration of trust. The
declaration of trust may also contain such other provisions regarding the operation and administration
of the business trust as may be necessary or desirable. The declaration of trust shall be
recorded in the office of the judge of probate in the county in which its principal place
of business is located, and a recording charge of $15.00 shall be paid therefor, which shall
be in lieu of all other recording charges. (Acts 1961, Ex. Sess., No. 251, p. 2263, §5.)...

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10A-16-1.05
Section 10A-16-1.05 Contents and recordation of declaration of trust. (a) The written declaration
of trust may provide for the election of successor trustees in the event of the death, resignation,
and removal of a trustee and may provide for the amendment of the declaration of trust. The
declaration of trust may also contain other provisions regarding the operation and administration
of the business trust as may be necessary or desirable. (b) The declaration of trust shall
be delivered to the Secretary of State for filing, accompanied by the filing fee in the amount
prescribed by Chapter 1 for a certificate of formation. (Acts 1961, Ex. Sess., No. 251, p.
2263, §5; §19-3-64; amended and renumbered by Act 2009-513, p. 967, §318; Act 2020-73,
§10.)...
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10A-10-1.17
Section 10A-10-1.17 Liability of trust. The liability of a real estate investment trust extends
to as much of the trust estate, including the whole, as necessary to discharge the liability.
(Acts 1995, No. 95-628, p. 1317, §17; §10-13-17; amended and renumbered by Act 2009-513,
p. 967, §308.)...
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10A-10-1.03
Section 10A-10-1.03 Permitted form of unincorporated trust or association. A real estate investment
trust is a permitted form of unincorporated trust or association, and may conduct business
in the state in accordance with this chapter and with Chapter 1. (Acts 1995, No. 95-628, p.
1317, §3; §10-13-3; amended and renumbered by Act 2009-513, p. 967, §308.)...
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10A-10-1.20
Section 10A-10-1.20 Service of process. In an action against a real estate investment trust
doing business in the state, process shall be served on any officer or resident agent of the
real estate investment trust or by any method permitted under Section 10A-1-5.31, 10A-1-5.35,
or 10A-1-5.36, and any notice or demand permitted or required by law may be served in like
manner. (Acts 1995, No. 95-628, p. 1317, §20; §10-13-20; amended and renumbered by Act 2009-513,
p. 967, §308.)...
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19-3B-602
Section 19-3B-602 Revocation or amendment of revocable trust. (a) Unless the terms of a trust
expressly provide that the trust is irrevocable, the settlor may revoke or amend the trust.
This subsection does not apply to a trust created under an instrument executed before January
1, 2007. (b) If a revocable trust is created or funded by more than one settlor, then: (1)
to the extent the trust consists of community property, the trust may be revoked by either
spouse acting alone but may be amended only by joint action of both spouses; (2) to the extent
the trust consists of property other than community property, each settlor may revoke or amend
the trust with regard to the portion of the trust property attributable to that settlor's
contribution; and (3) upon the revocation or amendment of the trust by fewer than all of the
settlors, the trustee shall promptly notify the other settlors of the revocation or amendment.
(c) The settlor may revoke or amend a revocable trust: (1) by...
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35-8A-210
Section 35-8A-210 Exercise of development rights. (a) To exercise any development right reserved
under Section 35-8A-205(a)(8), the declarant shall prepare, execute, and record an amendment
to the declaration as specified in Section 35-8A-217 and comply with Section 35-8A-209. The
declarant is the unit owner of any units thereby created. The amendment to the declaration
must assign an identifying number to each new unit created, and, except in the case of subdivision
or conversion of units described in subdivision (2) of subsection (c), reallocate the allocated
interests among all units. The amendment must describe any common elements and any limited
common elements thereby created and, in the case of limited common elements, designate the
unit to which each is allocated to the extent required by Section 35-8A-208. (b) Development
rights may be reserved within any real estate added to the condominium if the amendment adding
that real estate includes all matters required by Section...
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