Code of Alabama - Title 38: Public Welfare - Chapter 9B - Alabama Family Trust Board of Trustees

• Section 38-9B-1 Legislative findings
  (a) The Legislature finds and declares the following: (1) It is an essential function of state government to provide basic support for persons with a...
• Section 38-9B-2 Definitions
  THIS SECTION WAS AMENDED BY ACT 2018-422 IN THE 2018 REGULAR SESSION, EFFECTIVE JANUARY 31, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. As...
• Section 38-9B-3 Contributors allowed to supplement care of impaired persons; assets of trustees
  THIS SECTION WAS AMENDED BY ACT 2018-36 IN THE 2018 REGULAR SESSION, EFFECTIVE JANUARY 31, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a)...
• Section 38-9B-4 Creation of board; composition; compensation; accounting of funds; policies and procedures
  (a) There is hereby created the Alabama Family Trust Board of Trustees, which shall be an instrumentality of the state. The board of trustees shall...
• Section 38-9B-5 AFT Corporation, Trust, and Charitable Trust
  THIS SECTION WAS AMENDED BY ACT 2018-36 IN THE 2018 REGULAR SESSION, EFFECTIVE JANUARY 31, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a)...
• Section 38-9B-6 Rights and interests of life beneficiaries and contributors
  (a) No life beneficiary shall have any vested or property rights or interests in the AFT Trust, nor shall any life beneficiary have the power...
• Section 38-9B-7 Trustee liability
  No trustee or co-trustee serving pursuant to the provisions of this chapter shall at any time be liable for any mistake of law or fact,...

Last modified: May 3, 2021