19-3D-19
Section 19-3D-19 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. TAX-RELATED LIMITATIONS.
(a) In this section the following terms have the following meanings: (1) GRANTOR TRUST. A
trust as to which a settlor of a first trust is considered the owner under 26 U.S.C. Sections
671 through 677, as amended, or 26 U.S.C. Section 679, as amended. (2) INTERNAL REVENUE CODE.
The United States Internal Revenue Code of 1986, as amended. (3) NONGRANTOR TRUST. A trust
that is not a grantor trust. (4) QUALIFIED BENEFITS PROPERTY. Property subject to the minimum
distribution requirements of 26 U.S.C. Section 401(a)(9), as amended, and any applicable regulations,
or to any similar requirements that refer to 26 U.S.C. Section 401(a)(9) or the regulations.
(b) An exercise of the decanting power is subject to the following limitations: (1) If a first
trust contains property that qualified, or would have...
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36-15-21
Section 36-15-21 Litigation affecting state under direction and control of Attorney General;
employment of certain assistant attorneys general. All litigation concerning the interest
of the state, or any department of the state, shall be under the direction and control of
the Attorney General. The employment of an assistant attorney general, other than an assistant
attorney general employed in the office of the Attorney General, for the purpose of representing
the state or any department thereof shall be by the Attorney General with the approval of
the Governor, but nothing in this section shall prevent the Governor from employing personal
counsel, whose compensation shall be payable out of the Governor's Contingency Fund. (Acts
1923, No. 64, p. 40, §4; Code 1923, §872; Code 1940, T. 55, §244; Acts 1995, No. 95-770,
p. 1819, §1.)...
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11-80-11
Section 11-80-11 Authority reserved to Attorney General to bring or settle certain lawsuits
concerning firearms, ammunition, etc. The authority to bring or settle any lawsuit in which
the state has an exclusive interest or right to recover against any firearm or ammunition
manufacturer, trade association, or dealer, and the authority to bring or settle any lawsuit
on behalf of any governmental unit created by or pursuant to an act of the Legislature or
the Constitution of Alabama of 1901, or any department, agency, or authority thereof, for
damages, abatement, injunctive relief, or other equitable relief resulting from or relating
to the design, manufacture, marketing, or lawful sale of firearms or ammunition, or both,
shall be reserved exclusively to the Attorney General, by and with the consent of the Governor.
This section shall not prohibit a county or municipal corporation from bringing an action
against a firearms or ammunition manufacturer or dealer for breach of contract or...
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19-3-302
Section 19-3-302 Rights and powers of courts and Attorney General not impaired. Nothing in
this article shall impair the rights and powers of the courts or the Attorney General of this
state with respect to any trust. The provisions of Sections 19-3-300 and 19-3-301 shall not
apply to any trust to the extent that a court of competent jurisdiction shall determine that
such application would be contrary to the terms of the instrument governing such trust and
that the same may not properly be changed to conform to such sections. (Acts 1971, No. 2276,
p. 3666, §3.)...
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36-18-38
Section 36-18-38 Representation by Attorney General. The Attorney General shall represent the
director in all litigation to which the director is a party or in which the director has an
interest and on all legal matters necessary for the orderly and reasonable implementation
and administration of this article. (Acts 1994, 1st Ex. Sess., No. 94-804, p. 109, §19.)...

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43-8-140
Section 43-8-140 Testamentary additions to trusts. A devise or bequest, the validity of which
is determinable by the law of this state, may be made by a will to the trustee of a trust
established or to be established by the testator and some other person or by some other person
(including a funded or unfunded life insurance trust, although the trustor has reserved any
or all rights of ownership of the insurance contracts) if the trust is identified in the testator's
will and its terms are set forth in a written instrument (other than a will) executed before
or concurrently with the execution of the testator's will or in the valid last will of a person
who has predeceased the testator (regardless of the existence, size, or character of the corpus
of the trust). The devise is not invalid because the trust is amendable or revocable, or because
the trust was amended after the execution of the will or after the death of the testator.
Unless the testator's will provides otherwise, the...
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7-2-711
Section 7-2-711 Buyer's remedies in general; buyer's security interest in rejected goods. (1)
Where the seller fails to make delivery or repudiates or the buyer rightfully rejects or justifiably
revokes acceptance, then with respect to any goods involved, and with respect to the whole
if the breach goes to the whole contract (Section 7-2-612), the buyer may cancel, and whether
or not he has done so may, in addition to recovering so much of the price as has been paid:
(a) "Cover" and have damages under Section 7-2-712 as to all the goods affected
whether or not they have been identified to the contract; or (b) Recover damages for nondelivery
as provided in this article (Section 7-2-713). (2) Where the seller fails to deliver or repudiates
the buyer may also: (a) If the goods have been identified recover them as provided in this
article (Section 7-2-502); or (b) In a proper case obtain specific performance or replevy
the goods as provided in this article (Section 7-2-716). (3) On...
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19-3-300
Section 19-3-300 Trustee not to engage in certain acts subjecting trust to federal taxation.
Notwithstanding any provision to the contrary in the governing instrument or under any other
law of this state and except as otherwise provided by judgment of a court or by a provision
of the governing instrument, which in either case is entered or made after October 1, 1971,
and expressly limits the applicability of this article, the trustee of a trust, whenever created,
which is or is treated as a private foundation as defined in Section 509 of the Internal Revenue
Code of 1954, a charitable trust as defined in Section 4947(a)(1) of the Internal Revenue
Code of 1954, or a split-interest trust as defined in Section 4947(a)(2) of the Internal Revenue
Code of 1954, during the period it is or is treated as a private foundation, charitable trust
or split-interest trust as so defined: (1) Shall not engage in any act of self-dealing as
defined in Section 4941(d) thereof; (2) Shall distribute for...
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19-3A-401
Section 19-3A-401 Character of receipts. (a) For purposes of this section, "entity"
means a corporation, partnership, limited liability company, regulated investment company,
real estate investment trust, common trust fund, or any other organization in which a fiduciary
has an interest other than (1) a trust or decedent's estate to which Section 19-3A-402 applies,
(2) a business or activity to which Section 19-3A-403 applies, or (3) an asset-backed security
to which Section 19-3A-415 applies. (b) Except as otherwise provided in this section, a fiduciary
shall allocate to income money received from an entity. (c) A fiduciary shall allocate the
following receipts from an entity to principal: (1) Property other than money except in cases
when the fiduciary has the choice to receive dividends or similar payments either in cash
or in the shares or similar ownership interests of the corporation or other business entity,
in which case, the fiduciary shall allocate the receipts to income; (2)...
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5-24-2
Section 5-24-2 Scope of chapter. This chapter does not apply to (1) an account established
for a corporation, partnership, joint venture, other organization for a business purpose,
an unincorporated association, or charitable or civic organization, (2) an account controlled
by one or more persons as an agent or trustee for an organization described in subdivision
(1), or (3) a fiduciary or trust account in which the relationship is established other than
by the terms of the account. (Acts 1997, No. 97-644, p. 1177, §1.)...
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