House Judiciary Hearing
Room 200 at 13:30:00

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.
Enacted
Enacted
Delivered to Governor
Signature Requested
Enrolled
Ready to Enroll
Motion to Read a Third Time and Pass - Adopted Roll Call 1299
Third Reading in Second House
Read for the Second Time and placed on the Calendar
Reported Out of Committee Second House
Pending House Judiciary
Read for the first time and referred to the House Committee on Judiciary
Motion to Read a Third Time and Pass - Adopted Roll Call 934
Third Reading in House of Origin
Read for the Second Time and placed on the Calendar
Reported Out of Committee House of Origin
Pending Senate Judiciary
Read for the first time and referred to the Senate Committee on Judiciary
Room 200 at 13:30:00
Room 325 at 08:30:00
Source: Alabama Legislature