Title 38 — Title 38
0 chapters · 258 sections in this title.
Ala. Code § 38-9B-1 Legislative Findings
1.7K chars
(a) The Legislature finds and declares the following: (1) It is an essential function of state government to provide basic support for persons with a mental or physical impairment that substantially limits one or more major life activities, whether the impairment is congenital or…
Ala. Code § 38-9B-2 Definitions
3.2K chars
This section was amended by Act 2018–36 of the 2018 Regular Session. As used in this chapter, the following words shall have the following meanings: (1) ALABAMA FAMILY CHARITABLE TRUST (AFT CHARITABLE TRUST). The trust established by the board of trustees that qualifies as a tax …
Ala. Code § 38-9B-3 Contributors Allowed to Supplement Care of Impaired Persons; Assets
1.1K chars
of Trustees. (a) Contributors may supplement the care, support, habilitation, and treatment of impaired persons pursuant to this chapter. Neither the contribution to the AFT Trust for the benefit of a life beneficiary nor the use of AFT Trust assets to provide benefits shall in a…
Ala. Code § 38-9B-4 Creation of Board; Composition; Compensation; Accounting of Funds;
5.3K chars
Policies and Procedures. (a) There is hereby created the Alabama Family Trust Board of Trustees, which shall be an instrumentality of the state. The board of trustees shall consist of eleven persons appointed by the Governor of Alabama, Presiding Officer of the Senate of Alabama,…
Ala. Code § 38-9B-5 Aft Corporation, Trust, and Charitable Trust
10.1K chars
(a) The board of trustees shall establish and administer the AFT Corporation. The board of trustees shall execute all documents necessary to establish and administer the AFT Corporation, including, but not limited to, documents to form a not-for-profit corporation and to qualify …
Ala. Code § 38-9B-6 Rights and Interests of Life Beneficiaries and Contributors
1.5K chars
(a) No life beneficiary shall have any vested or property rights or interests in the AFT Trust, nor shall any life beneficiary have the power to anticipate, assign, convey, alienate, or otherwise encumber any interest in the income or principal of the AFT Trust nor shall the inco…
Ala. Code § 38-9B-7 Trustee Liability
0.5K chars
No trustee or co-trustee serving pursuant to the provisions of this chapter shall at any time be liable for any mistake of law or fact, or of both law and fact, or errors of judgment, or for any loss sustained by the AFT Trust or AFT Charitable Trust, or by any life beneficiary, …