Alabama legislation · 2026 Regular Session
Alabama SB178: Trusts; amend Uniform Principal and Income Act, permit trustee to adjust between principal and income
Status: Signed into law, April 15, 2026
What the bill says
An Act, Relating to trusts; to amend Section 19-3A-104, Code of Alabama 1975, to permit trustees to adjust trust receipts and disbursements between principal and income without express authority of the terms of the trust instrument; and to make nonsubstantive, technical revisions to update the existing code language to current style.
From the enrolled text:
An Act, Relating to trusts; to amend Section 19-3A-104, Code of Alabama 1975, to permit trustees to adjust trust receipts and disbursements between principal and income without express authority of the terms of the trust instrument; and to make nonsubstantive, technical revisions to update the existing code language to current style. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. Section 19-3A-104, Code of Alabama 1975, is amended to read as follows: "§19-3A-104 (a) A trustee mayIf the terms of the trust expressly provide by specific reference to this section, then a trustee may have the power to adjust receipts and disbursements between principal and income to the extent the trustee considers necessary if (1): (i) the trustee invests and manages trust assets as a prudent investor; (2)(ii) the terms of the trust describe the amount that may or must be distributed to a beneficiary by referring to the trust's income,; and (3)(iii) the trustee determines, after applying the rules in Section 19-3A-103(a), that the trustee is unable to comply with Section 19-3A-103(b). (b) In deciding whether and to what extent to exercise the power conferred by subsection (a), a trustee shall consider all factors relevant to the trust and its beneficiaries, including, but not limited to: Page beneficiaries, including, but not limited to: SB178 Enrolled (1) The nature, …
Sponsors
- Barfoot, Will (R, SD-025) · primary sponsor
Latest actions
- : 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 Committee Action in Second House
Votes
- House Roll Call #1299 (April 8, 2026): 103 yea, 0 nay, passed
- House Roll Call #1298 (April 8, 2026): 102 yea, 0 nay, passed
- Senate Roll Call #934 (March 18, 2026): 27 yea, 0 nay, passed
- Senate Roll Call #933 (March 18, 2026): 27 yea, 0 nay, passed
Subjects: Property & Estates
Common questions
- What is SB178?
- SB178 is a bill in the Alabama Legislature (2026 Regular Session): Trusts; amend Uniform Principal and Income Act, permit trustee to adjust between principal and income.
- What does SB178 do?
- In its own words: An Act, Relating to trusts; to amend Section 19-3A-104, Code of Alabama 1975, to permit trustees to adjust trust receipts and disbursements between principal and income without express authority of the terms of the trust instrument; and to make nonsubstantive, technical revisions to update the existing code language to current style.
- What is the status of SB178?
- Signed into law as of April 15, 2026. Latest action: Enacted (April 15, 2026).
- Who sponsored SB178?
- Barfoot, Will (R, SD-025).
- Where is the official record for SB178?
- On the Alabama Legislature website: https://alison.legislature.state.al.us/instrument/2026RS/SB178
Source: official Alabama record. Tracked by Delilah, AI for legislation across all 50 states and Congress.