(a) The grantor, in any conveyance, may reserve to himself any power beneficial, or in trust, which he may lawfully grant to another.

Terms Used In Alabama Code 35-4-290

  • Grantor: The person who establishes a trust and places property into it.
(b) When the grantor in any conveyance reserves to himself, for his own benefit, an absolute power of revocation, such grantor must be taken as the absolute owner of the estate conveyed, as to the rights of creditors and purchasers.
  Previous section
Next section  
 Article 12 Contents