Alabama Code 35-4A-6. Prospective application
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Terms Used In Alabama Code 35-4A-6
- property: includes both real and personal property. See Alabama Code 1-1-1
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.