Hearing
House Financial Services Hearing
Room 617 at 09:00:00
House Bill 206 Alabama 2026 Session
Updated Jan 29, 2026
Summary
- Primary Sponsor
Tim WadsworthRepresentativeRepublican- Session
- 2026 Regular Session
- Title
- Trusts; amend Alabama Principal and Income Act, permit trustee to adjust between principal and income
- Description
Under existing law, a trustee can only adjust trust receipts and disbursements between principal and income if the terms of the trust explicitly grant the trustee that authority.
This bill would permit trustees to adjust receipts and disbursements between principal and income without requiring the trust terms to authorize the adjustments, aligning current law with the Uniform Principal and Income Act.
This bill would also make nonsubstantive, technical revisions to update the existing code language to current style.
- Subjects
- Property & Estates
Bill Actions
H
Read for the Second Time and placed on the Calendar
H
Reported Out of Committee House of Origin
H
Pending House Financial Services
H
Read for the first time and referred to the House Committee on Financial Services
Calendar
Bill Text
Documents
Bill Text (Introduced)
House Bill 206 Alabama 2026 Session - Introduced
Fiscal Note
Fiscal Note - Introduced
Source: Alabama Legislature