Code of Alabama - Title 35: Property - Section 35-4A-6 - Prospective application

Section 35-4A-6 - Prospective application.

This chapter applies to a nonvested property interest or a power of appointment that is created on or after January 1, 2012. For purposes of this section, a nonvested property interest or a power of appointment created by the exercise of a power of appointment is created when the power is irrevocably exercised or when a revocable exercise becomes irrevocable.

(Act 2011-532, p. 880, §1.)

Last modified: May 3, 2021