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19-3B-111
Section 19-3B-111 Nonjudicial settlement agreements. (a) For purposes of this section,
"interested persons" means persons whose consent would be required in order to achieve
a binding settlement were the settlement to be approved by the court. (b) Except as otherwise
provided in subsection (c), interested persons may enter into a binding nonjudicial settlement
agreement with respect to any matter involving a trust. (c) A nonjudicial settlement agreement
is valid only to the extent it does not violate a material purpose of the trust and includes
terms and conditions that could be properly approved by the court under this chapter or other
applicable law. (d) Matters that may be resolved by a nonjudicial settlement agreement include:
(1) the interpretation or construction of the terms of the trust; (2) the approval of a trustee's
report or accounting; (3) direction to a trustee to refrain from performing a particular act
or the grant to a trustee of any necessary or desirable power; (4)...
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37-6-3
Section 37-6-3 Enumerated powers. A cooperative shall have the power: (1) To sue and
be sued in its corporate name. (2) To adopt a corporate seal and alter the same at its pleasure.
(3) To generate, manufacture, purchase, acquire and transmit electric energy and to distribute,
sell, supply and dispose of electric energy to its members, to governmental agencies and political
subdivisions and to other persons; provided, however, that should a cooperative acquire any
electric facilities dedicated or devoted to the public use, it may continue to serve the persons
served directly from such facilities at the time of such acquisition without requiring that
such persons become members, and, provided further, that such nonmembers shall have the right
to become members upon nondiscriminatory terms. Cooperatives may not condition membership
or provision of service on compliance by the member with requirements not directly related
to the electric or other service to be provided by the cooperative....
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19-3B-201
Section 19-3B-201 Role of court in administration of trust. (a) The court may intervene
in the administration of a trust to the extent its jurisdiction is invoked by an interested
person or as provided by law. (b) A trust is not subject to continuing judicial supervision
unless ordered by the court. (c) A judicial proceeding involving a trust may relate to any
matter involving the trust's administration, including a request for instructions and an action
to declare rights. (d) A judicial proceeding involving a trust may relate to any matter involving
the trust's administration, including, but not being limited to a proceeding to: (1) request
instructions; (2) determine the existence or nonexistence of any immunity, power, privilege,
duty or right; (3) approve a nonjudicial settlement; (4) interpret or construe the terms of
the trust; (5) determine the validity of a trust or of any of its terms; (6) approve a trustee's
report or accounting or compel a trustee to report or account; (7)...
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19-3D-3
Section 19-3D-3 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018
REGULAR SESSION, EFFECTIVE JANUARY 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. SCOPE.
(a) Except as otherwise provided in subsections (b) and (c), this chapter applies to an express
trust that is irrevocable, or revocable by the settlor only with the consent of the trustee
or a person holding an adverse interest. (b) This chapter does not apply to a trust held solely
for charitable purposes. (c) Subject to Section 19-3D-15, a trust instrument may restrict
or prohibit exercise of the decanting power. (d) This chapter does not limit the power of
a trustee, powerholder, or other person to distribute or appoint property in further trust
or to modify a trust under the trust instrument, laws of this state other than this chapter,
common law, a court order, or a nonjudicial settlement agreement. (e) This chapter does not
affect the ability of a settlor to provide in a trust instrument for the distribution...
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27-33-13
Section 27-33-13 Trusteed assets - Withdrawal. (a) The trust agreement shall provide,
in substance, that no withdrawals of trusteed assets shall be made by the insurer or permitted
by the trustee without the written authorization or approval of the commissioner in advance
thereof except as follows: (1) Any or all income, earnings, dividends, or interest accumulations
of the trusteed assets may be paid over to the United States manager of the insurer upon request
of the insurer or the manager; (2) For substitution, coincidentally with such withdrawal,
of other securities or assets of value at least equal in amount to those being withdrawn,
if such substituted securities or assets are likewise such as are eligible for investment
of the funds of like domestic insurers and if such withdrawal is requested in writing by the
insurer's United States manager pursuant to general or specific written authority previously
given or delegated by the insurer's board of directors, or other similar...
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19-3D-2
Section 19-3D-2 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018
REGULAR SESSION, EFFECTIVE JANUARY 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. DEFINITIONS.
In this chapter the following terms have the following meanings: (1) APPOINTIVE PROPERTY.
The property or property interest subject to a power of appointment. (2) ASCERTAINABLE STANDARD.
A standard relating to an individual's health, education, support, or maintenance within the
meaning of 26 U.S.C. Section 2041(b)(1)(A), as amended, or 26 U.S.C. Section
2514(c)(1), as amended, and any applicable regulations. (3) AUTHORIZED FIDUCIARY. (A) A trustee
or other fiduciary, other than a settlor, that has the discretion to distribute or direct
a trustee to distribute part or all of the principal of the first trust to one or more current
beneficiaries; (B) a special fiduciary appointed under Section 19-3D-9; or (C) a special-needs
fiduciary under Section 19-3D-13. (4) BENEFICIARY. A person that: (A) has a present
or...
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43-8-1
Section 43-8-1 General definitions. Subject to additional definitions contained in the
subsequent articles which are applicable to specific articles or divisions, and unless the
context otherwise requires, in this chapter, the following words shall have the following
meanings: (1) BENEFICIARY. As it relates to trust beneficiaries, includes a person who has
any present or future interest, vested or contingent, and also includes the owner of an interest
by assignment or other transfer and as it relates to a charitable trust, includes any person
entitled to enforce the trust. (2) CHILD. Includes any individual entitled to take as a child
under this chapter by intestate succession from the parent whose relationship is involved
and excludes any person who is only a stepchild, a foster child, a grandchild or any more
remote descendant. (3) COURT. The court having jurisdiction in matters relating to the affairs
of decedents. This court in Alabama is known as the probate court. (4) DAYS. That...
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26-2A-152
Section 26-2A-152 Powers of conservator in administration. (a) Subject to limitation
provided in Section 26-2A-154, a conservator shall have all of the powers conferred
in this section and any additional powers now or hereafter conferred by law on trustees
in this state. In addition, a conservator of the estate of an unmarried minor as to whom no
one has parental rights, has the powers of a guardian of a minor described in Section
26-2A-78 until the minor attains the age of 19 years, or the disabilities of nonage have been
removed, but the parental rights so conferred on a conservator do not preclude appointment
of a guardian as provided in Division 1 of this article. (b) A conservator without court authorization
or confirmation may invest and reinvest funds of the estate as would a trustee. (c) A conservator,
acting as a fiduciary in efforts to accomplish the purpose of the appointment, may act without
court authorization or confirmation, to (1) Collect, hold, and retain assets of the...
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33-18-1
Section 33-18-1 Alabama-Coosa-Tallapoosa River Basin Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Alabama-Coosa-Tallapoosa River Basin
Compact: Alabama-Coosa-Tallapoosa River Basin Compact The States of Alabama and Georgia and
the United States of America hereby agree to the following compact which shall become effective
upon enactment of concurrent legislation by each respective state legislature and the Congress
of the United States. Short Title This act shall be known and may be cited as the "Alabama-Coosa-Tallapoosa
River Basin Compact" and shall be referred to hereafter in this document as the "ACT
Compact" or "compact." Article I Compact Purposes This compact among the States
of Alabama and Georgia and the United States of America has been entered into for the purposes
of promoting interstate comity, removing causes of present and future controversies, equitably
apportioning the surface waters of the ACT, engaging in water planning,...
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33-19-1
Section 33-19-1 Apalachicola-Chattahoochee-Flint River Basin Compact. The State of Alabama
hereby agrees to the following interstate compact known as the Apalachicola-Chattahoochee-Flint
River Basin Compact: Apalachicola-Chattahoochee-Flint River Basin Compact The States of Alabama,
Florida and Georgia and the United States of America hereby agree to the following compact
which shall become effective upon enactment of concurrent legislation by each respective state
legislature and the Congress of the United States. Short Title This Act shall be known and
may be cited as the "Apalachicola-Chattahoochee-Flint River Basin Compact" and shall
be referred to hereafter in this document as the "ACF Compact" or "compact."
Article I Compact Purposes This compact among the States of Alabama, Florida and Georgia and
the United States of America has been entered into for the purposes of promoting interstate
comity, removing causes of present and future controversies, equitably apportioning the...
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