Ala. Code § 19-3B-603

Settlor’s Powers; Powers of Withdrawal.

Known as the Alabama Uniform Trust Code

The act spans §§ 19-3B-1001 to 19-3B-906 (108 sections).

(Act 2006-216, p. 314, §1.)

(a) While a trust is revocable, rights of the beneficiaries are subject to the control of, and the duties of the trustee are owed exclusively to, the settlor.

(b) During the period the power may be exercised, the holder of a power of withdrawal has the rights of a settlor of a revocable trust under this section to the extent of the property subject to the power.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.