Ala. Code § 19-3D-21

Current through the 2024 Regular Session.
Section 19-3D-21 - Need to distribute not required

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 (1975)

Added by Act 2018-519,§ 21, eff. 1/1/2019.