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28 chapters · 792 sections in this title.
Ala. Code § 35-4A-1 Short Title
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This chapter may be cited as the Alabama Uniform Statutory Rule Against Perpetuities. (Act 2011-532, p. 880, §1.)
Ala. Code § 35-4A-2 Statutory Rule Against Perpetuities
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(a) A nonvested property interest is invalid unless: (1) when the interest is created, it is certain to vest or terminate no later than 21 years after the death of an individual then alive; or (2) the interest either vests or terminates within 100 years after its creation. (b) A …
Ala. Code § 35-4A-3 When Nonvested Property Interest or Power of Appointment Created
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(a) Except as provided in subsections (b), (c), and (d) and in Section 35-4A-5, the time of creation of a nonvested property interest or a power of appointment is determined under general principles of property law. (b) For purposes of this chapter, if there is a person who alone…
Ala. Code § 35-4A-4 Reformation
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Upon the petition of an interested person, a circuit court shall reform a disposition in the manner that most closely approximates the transferor’s manifested plan of distribution and is within the 100 years allowed by Section 35-4A-2(a)(2), (b)(2), or (c)(2) or the 360 years all…