Alabama SB178 amends the Uniform Principal and Income Act to allow trustees to adjust trust receipts and disbursements between principal and income.
Alabama SB178 amends the Uniform Principal and Income Act to permit trustees to adjust trust receipts and disbursements between principal and income without requiring explicit authorization from the trust terms. This change aligns current law with the Uniform Principal and Income Act. The bill also includes nonsubstantive, technical revisions to update the existing code language to current style. The act becomes effective on October 1, 2026.
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