HB618 Alabama 2011 Session

Updated Jul 26, 2021

Summary

Primary Sponsor: Allen Farley
Republican
Session: Regular Session 2011
Title: Alabama Family Trust, definitions of contributor and settlor, the word donor replaced with contributor or settlor, Secs. 38-9B-2, 38-9B-3, 38-9B-5, 38-9B-6 am'd.
Description: Under existing law, the word donor is used to refer to a person or entity who contributes assets to the AFT Trust to establish an account for a life beneficiary.
This bill would replace the word donor with either contributor, any person who contributes assets to the account of the life beneficiary, or settlor, any person who establishes an AFT Trust account for a life beneficiary.
Subjects: Alabama Family Trust

Bill Actions

Indefinitely Postponed

Read for the second time and placed on the calendar

Read for the first time and referred to the House of Representatives committee on Judiciary

Bill Text

Download Introduced PDF

Documents

Bill Text (Introduced) HB618 Alabama 2011 Session - Introduced

Source: Alabama Legislature