SB 11 — Relating to the Alabama Uniform Trust Code; to amend Section 19-3B-414, Code of Alabama 1975, to further provide for the modification or termination of an uneconomic trust.
Last action — Enacted as 2023-176
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 13, 2023. Enacted.
Odds of enactment
High chanceBased on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.
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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 R).
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Cleared a recorded vote
Passed 2 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
Alabama Uniform Trust Code; modification or termination of an uneconomic trust, further provided.
Bill Text
What changed in the latest version
105 added · 87 removedPlain-language change summary
The recent amendment to Bill SB 11 increases the minimum value for terminating an uneconomic trust from $50,000 to $100,000. This change means that trusts with a total value below $100,000 may not be terminated simply because their value does not justify the cost of managing them. The amendment could safeguard smaller trusts from being dissolved, allowing beneficiaries to maintain access to those funds. Additionally, future adjustments to this threshold may be linked to changes in the Consumer Price Index, ensuring the figure stays relevant over time.
SB11 INTRODUCEDENROLLED KH89A5-2KH89A5-3 By Senator Barfoot RFD:
13-Feb-23 2023 Regular Session Page 0 KH89A5-1SB11 2/2/2023Enrolled CMHEnrolled, (L)An bmAct, 2023-2903 2Relating 4to SYNOPSIS:the Alabama Uniform Trust Code;
Under existing law, the trustee of trust property may terminate a trust having a value of less than $50,000 if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration.
This bill would increase the minimum threshold dollar amount to $100,000 and would allow that amount to be increased or decreased in subsequent years based on changes to the Consumer Price Index.
A BILL TO BE ENTITLED AN ACT Relating to the Alabama Uniform Trust Code;
"§19-3B-414 (a) After Subject to subsection (e), after notice to the qualified beneficiaries, the trustee of a trust consisting Page 1 SB11 INTRODUCED of trust property having a total value less than $50,000 one hundred thousand dollars ($100,000) may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration.
Page 1 SB11 Enrolled (2)a.
If any increase or decrease produced by the computation is not a multiple of one hundred dollars ($100), Page 2 SB11 INTRODUCED the increase or decrease shall either be rounded down if there is an increase, or rounded up if there is a decrease, to the next multiple of one hundred dollars ($100).
As used in this section, the following terms have Page 2 SB11 Enrolled the following meanings:
Page 3 SB11 Enrolled ________________________________________________ President and Presiding Officer of the Senate ________________________________________________ Speaker of the House of Representatives SB11 Senate 06-Apr-23 I hereby certify that the within Act originated in and passed the Senate.
Patrick Harris, Secretary.
House of Representatives Passed:
02-May-23 By:
Senator Barfoot Page 4
Action History
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Enrolled
Sponsors
- Will Barfoot · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 139 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (139)
139 members have not signed on to this bill.
Show all 139 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 5 | 0 | 0 | 0 |
| R | 71 | 0 | 0 | 0 |
| D | 26 | 0 | 0 | 0 |
| Total | 102 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (102)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| R | 24 | 0 | 0 | 1 |
| D | 7 | 0 | 0 | 1 |
| Unaffiliated | 1 | 0 | 0 | 0 |
| Total | 32 | 0 | 0 | 2 |
| % of votes cast | 94% | 0% | 0% | 6% |
How each member voted (34)
| Member | Party | Vote |
|---|---|---|
| Greg J. Reed | — | Yea |
| Bobby D. Singleton | D | Yea |
| Kirk Hatcher | D | Yea |
| Linda Coleman-Madison | D | Yea |
| Merika Coleman | D | Yea |
| Robert Stewart | D | Yea |
| Rodger M. Smitherman | D | Yea |
| Vivian Davis Figures | D | Yea |
| William M. Beasley | D | Not Voting |
| Andrew Jones | R | Yea |
| April Weaver | R | Yea |
| Arthur Orr | R | Yea |
| Chris Elliott | R | Yea |
| Clyde Chambliss | R | Yea |
| Dan Roberts | R | Yea |
| David Sessions | R | Yea |
| Donnie Chesteen | R | Yea |
| Garlan Gudger | R | Yea |
| Gerald H. Allen | R | Yea |
| Greg Albritton | R | Yea |
| J. T. 'Jabo' Waggoner | R | Yea |
| Jack W. Williams | R | Yea |
| Jay Hovey | R | Yea |
| Josh Carnley | R | Yea |
| Keith Kelley | R | Yea |
| Lance Bell | R | Yea |
| Larry Stutts | R | Not Voting |
| Randy Price | R | Yea |
| Sam Givhan | R | Yea |
| Shay Shelnutt | R | Yea |
| Steve Livingston | R | Yea |
| Tim Melson | R | Yea |
| Tom Butler | R | Yea |
| Will Barfoot | R | Yea |
Subjects
Frequently asked questions
- What does SB 11 do?
- Alabama Uniform Trust Code; modification or termination of an uneconomic trust, further provided.
- Who sponsors SB 11?
- SB 11 is sponsored by Will Barfoot (R).
- What is the current status of SB 11?
- This bill has been enacted into law. Introduced February 13, 2023. Enacted.
- Where can I track SB 11?
- Track SB 11 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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