An authorized fiduciary may exercise the decanting power whether or not under the first trust’s discretionary distribution standard the fiduciary would have made or could have been compelled to make a discretionary distribution of principal at the time of the exercise.
Ala. Code § 19-3D-21
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Known as the Alabama Uniform Trust Decanting Act
The act spans §§ 19–19 (29 sections).
(Act 2018-519, §21.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.