SB105 Alabama 2011 Session
Bill Summary
Under existing law, the common law rule against perpetuities has been adopted by statute in this state and is applicable to real and personal property. Generally, an interest in property is required to vest within a life in being plus 21 years
This bill would substantially adopt the Uniform Statutory Rule Against Perpetuities approved by the National Conference of Commissioners on Uniform State Laws. The permissible vesting period would be 100 years for real and personal property other than a trust. The duration of a trust could not exceed 360 years
To add Chapter 4A to Title 35, Code of Alabama 1975, to enact the Alabama Uniform Statutory Rule Against Perpetuities; to provide for the vesting period of interests in real and personal property and for the duration of trusts; and to repeal Section 35-4-4 of the Code of Alabama 1975.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 5, 2011 | Pending third reading on day 24 Favorable from Judiciary | |
| May 5, 2011 | Read for the second time and placed on the calendar | |
| March 24, 2011 | Read for the first time and referred to the House of Representatives committee on Judiciary | |
| March 24, 2011 | Motion to Read a Third Time and Pass adopted Roll Call 74 | |
| March 24, 2011 | Third Reading Passed | |
| March 3, 2011 | Read for the second time and placed on the calendar | |
| March 1, 2011 | Read for the first time and referred to the Senate committee on Judiciary |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB105 Alabama 2011 Session - Introduced |