An endowment care fund and all payments or contributions to it are expressly permitted as and for charitable and eleemosynary purposes. No payment, gift, grant, bequest, or other contribution for endowment care is invalid by reason of any indefiniteness or uncertainty of the persons designated as beneficiaries in the instruments creating the fund, nor is the fund or any contributions to it invalid as violating any law against perpetuities, or the suspension of the power of alienation of title to property.
Ala. Code § 34-13-265
Endowment Care Fund.
Known as the Alabama Preneed Funeral and Cemetery Act
The act spans §§ 34-13-170 to 34-13-277 (43 sections).
(Act 2002-74, p. 221, §1; Act 2023-94, §9.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.