Ala. Code § 43-8-7

Current with legislation from 2024 effective through May 17, 2024.
Section 43-8-7 - Effect of acts by holder of general power of appointment, etc., on beneficiaries

For the purpose of granting consent or approval with regard to the acts or accounts of a personal representative or trustee, including relief from liability or penalty for failure to post bond, or to perform other duties, and for purposes of consenting to modification or termination of a trust or to deviation from its terms, the sole holder or all co-holders of a presently exercisable general power of appointment, including one in the form of a power of amendment or revocation, are deemed to act for beneficiaries to the extent their interests (as objects, takers in default, or otherwise) are subject to the power.

Ala. Code § 43-8-7 (1975)

Acts 1982, No. 82-399, §1-108.