reglab/housing_qa huggingface dataset:
AL Code § 19-3-151 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 7 - Participation in Partnerships.|Section 19-3-151 - Right of Fiduciary to Participate in Partnership; Liability of Fiduciary, Estate and Beneficial Owners.

Section 19-3-151Right of fiduciary to participate in partnership; liability of fiduciary, estate and beneficial owners. If permitted by the trust instrument or will under which he serves or by order of a court having jurisdiction of the estate or trust, a fiduciary may enter into a partnership agreement or arrangement with others or accept the assignment of or otherwise acquire, hold and dispose of an interest in a partnership, and in so doing may become either a general or a limited partner. In any such case, as to creditors of or claimants against such partnership and as to the other members of such partnership, the liability, if any, of such fiduciary for the debts and other liabilities of the partnership, whether ex contractu or ex delicto or otherwise, shall be limited to the assets of the trust or estate, or so much thereof as may be necessary to discharge such debts and liabilities, but no personal liability shall attach to the fiduciary or to the beneficial owners of the assets of the trust or estate. (Acts 1961, No. 1011, p. 1588, §II.)
AL Code § 19-3-152 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 7 - Participation in Partnerships.|Section 19-3-152 - Power of Fiduciary to Limit Liability of Estate or Himself.

Section 19-3-152Power of fiduciary to limit liability of estate or himself. Nothing in this article shall be construed to prohibit a fiduciary from further limiting his liability, or the liability of the trust or estate which he represents, in any manner otherwise permitted by law. (Acts 1961, No. 1011, p. 1588, §III.)
AL Code § 19-3-170 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 8 - Partition or Sale of Real or Personal Property.|Section 19-3-170 - Partition of Freehold Devised With Contingent Interest.

Section 19-3-170Partition of freehold devised with contingent interest. When any deceased tenant in common, joint tenant or coparcener of real estate shall have devised any freehold interest in such estate to any person, with a contingent interest by way of remainder, substitution or executory devise to any other person, born or unborn, the circuit court may, on the complaint of any person interested, order partition of such estate to be made between the devisee or devisees, the surviving cotenant or cotenants and the person having such contingent interest; and the judgment shall bind the parties and the person having such contingent interest, his heirs and assigns. (Code 1923, §10437; Code 1940, T. 58, §56.)
AL Code § 19-3-171 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 8 - Partition or Sale of Real or Personal Property.|Section 19-3-171 - Sale of Land Held Under Trust Deed.

Section 19-3-171Sale of land held under trust deed. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1923, §10438; Code 1940, T. 58, §57.)
AL Code § 19-3-172 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 8 - Partition or Sale of Real or Personal Property.|Section 19-3-172 - Sale of Land Devised and Held in Trust.

Section 19-3-172Sale of land devised and held in trust. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1923, §10439; Code 1940, T. 58, §58.)
AL Code § 19-3-173 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 8 - Partition or Sale of Real or Personal Property.|Section 19-3-173 - Investment of Proceeds of Sale.

Section 19-3-173Investment of proceeds of sale. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1923, §10440; Code 1940, T. 58, §59.)
AL Code § 19-3-190 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 9 - Removal of Trust Estate to Another State.|Section 19-3-190 - Power of Circuit Court to Authorize Removal of Trust Estate.

Section 19-3-190Power of circuit court to authorize removal of trust estate. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1876, §3744; Code 1886, §3560; Code 1896, §4179; Code 1907, §6081; Code 1923, §10418; Code 1940, T. 58, §60.)
AL Code § 19-3-191 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 9 - Removal of Trust Estate to Another State.|Section 19-3-191 - Petition to Obtain Removal; Notice.

Section 19-3-191Petition to obtain removal; notice. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1876, §3745; Code 1886, §3561; Code 1896, §4180; Code 1907, §6082; Code 1923, §10419; Code 1940, T. 58, §61.)
AL Code § 19-3-192 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 9 - Removal of Trust Estate to Another State.|Section 19-3-192 - Judgment on Hearing.

Section 19-3-192Judgment on hearing. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1876, §3746; Code 1886, §3563; Code 1896, §4182; Code 1907, §6084; Code 1923, §10421; Code 1940, T. 58, §62.)
AL Code § 19-3-250 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 11 - Succession or Appointment of New Trustees.|Section 19-3-250 - Power of Circuit Court to Fill Vacancy.

Section 19-3-250Power of circuit court to fill vacancy. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1923, §10434; Code 1940, T. 58, §72.)
AL Code § 19-3-251 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 11 - Succession or Appointment of New Trustees.|Section 19-3-251 - When Circuit Court Must Appoint New Trustee; Number of New Trustees.

Section 19-3-251When circuit court must appoint new trustee; number of new trustees. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1923, §10436; Code 1940, T. 58, §74.)
AL Code § 19-3-252 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 11 - Succession or Appointment of New Trustees.|Section 19-3-252 - Survivorship Between Cotrustees.

Section 19-3-252Survivorship between cotrustees. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1923, §10435; Code 1940, T. 58, §73.)
AL Code § 19-3-253 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 11 - Succession or Appointment of New Trustees.|Section 19-3-253 - Representative of Deceased Sole Trustee to Settle With Succeeding Trustee.

Section 19-3-253Representative of deceased sole trustee to settle with succeeding trustee. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Code 1896, §4196; Code 1907, §6101; Code 1923, §10449; Code 1940, T. 58, §64.)
AL Code § 19-3-270 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-270 - Definitions.

Section 19-3-270Definitions. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, §75.)
AL Code § 19-3-271 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-271 - Applicability of Article; Powers of Settlor.

Section 19-3-271Applicability of article; powers of settlor. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, §76.)
AL Code § 19-3-272 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-272 - Income and Principal; Disposition.

Section 19-3-272Income and principal; disposition. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, §77.)
AL Code § 19-3-273 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-273 - Apportionment of Income.

Section 19-3-273Apportionment of income. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, §78.)
AL Code § 19-3-274 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-274 - Corporate Dividends and Share Rights.

Section 19-3-274Corporate dividends and share rights. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, § 79.)
AL Code § 19-3-275 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-275 - Premium and Discount Obligations.

Section 19-3-275Premium and discount obligations. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, §80.)
AL Code § 19-3-276 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-276 - Principal Used in Business.

Section 19-3-276Principal used in business. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, §81.)
AL Code § 19-3-277 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-277 - Principal Comprising Animals.

Section 19-3-277Principal comprising animals. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, §82.)
AL Code § 19-3-278 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-278 - Disposition of Natural Resources.

Section 19-3-278Disposition of natural resources. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, §83.)
AL Code § 19-3-279 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-279 - Principal Subject to Depletion.

Section 19-3-279Principal subject to depletion. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, §84.)
AL Code § 19-3-280 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-280 - Unproductive Estate.

Section 19-3-280Unproductive estate. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, §85.)
AL Code § 19-3-281 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-281 - Expenses - Trust Estates.

Section 19-3-281Expenses - Trust estates. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, §86.)
AL Code § 19-3-282 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 12 - Principal and Income. Repealed.|Section 19-3-282 - Expenses - Nontrust Estates.

Section 19-3-282Expenses - Nontrust estates. Repealed by Act 2000-675, § 2, and Act 2001-344, § 1, effective January 1, 2001. (Acts 1939, No. 572, p. 902; Code 1940, T. 58, §87.)
AL Code § 19-3-300 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 13 - Private Foundations, Charitable Trusts, and Split-Interest Trusts.|Section 19-3-300 - Trustee Not to Engage in Certain Acts Subjecting Trust to Federal Taxation.

Section 19-3-300Trustee not to engage in certain acts subjecting trust to federal taxation. Notwithstanding any provision to the contrary in the governing instrument or under any other law of this state and except as otherwise provided by judgment of a court or by a provision of the governing instrument, which in either case is entered or made after October 1, 1971, and expressly limits the applicability of this article, the trustee of a trust, whenever created, which is or is treated as a private foundation as defined in Section 509 of the Internal Revenue Code of 1954, a charitable trust as defined in Section 4947(a)(1) of the Internal Revenue Code of 1954, or a split-interest trust as defined in Section 4947(a)(2) of the Internal Revenue Code of 1954, during the period it is or is treated as a private foundation, charitable trust or split-interest trust as so defined: (1) Shall not engage in any act of self-dealing as defined in Section 4941(d) thereof; (2) Shall distribute for each taxable year not less than such amounts at such time and in such manner as not to subject the trust to the tax on undistributed income imposed by Section 4942 thereof; (3) Shall not, if Section 4943 thereof is applicable, retain any excess business holdings as defined in subsection (c) of that section beyond the period permitted by that section; (4) Shall not make any investment in such manner as to subject the trust to tax under Section 4944 thereof; and (5) Shall not make any taxable expenditure as defined in Section 4945(d) thereof. (Acts 1971, No. 2276, p. 3666, §1.)
AL Code § 19-3-301 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 13 - Private Foundations, Charitable Trusts, and Split-Interest Trusts.|Section 19-3-301 - Power to Amend Trust Instrument.

Section 19-3-301Power to amend trust instrument. (a) The trustee of a trust, whenever created, which is or is treated as a private foundation as defined in Section 509 of the Internal Revenue Code of 1954, a charitable trust as defined in Section 4947(a)(1) of the Internal Revenue Code of 1954, or a split-interest trust as defined in Section 4947(a)(2) of the Internal Revenue Code of 1954, may amend the terms of the governing instrument to the extent necessary to bring the trust into conformity with the requirements for: (1) Termination of private foundation status in the manner described in Section 507(b) thereof; (2) Exemption of the trust from the taxes imposed by Sections 4941 to 4945, inclusive, thereof; or (3) Exclusion of the trust from private foundation status under Section 509(a)(3) thereof, and for this latter purpose may release, extinguish or renounce any power contained in the governing instrument, may reduce or limit the charitable organizations or classes of charitable organizations in whose favor a power to select may be exercised and may appoint new or additional trustees. (b) No amendment of the governing instrument shall be required in order to make effective the requirements of Section 19-3-300. (c) If the trust is for the benefit of one or more named charitable organizations, the trustee shall first obtain the written consent of those organizations before making any amendment under subdivision (3) of subsection (a) of this section. (Acts 1971, No. 2276, p. 3666, §2.)
AL Code § 19-3-302 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 13 - Private Foundations, Charitable Trusts, and Split-Interest Trusts.|Section 19-3-302 - Rights and Powers of Courts and Attorney General Not Impaired.

Section 19-3-302Rights and powers of courts and Attorney General not impaired. Nothing in this article shall impair the rights and powers of the courts or the Attorney General of this state with respect to any trust. The provisions of Sections 19-3-300 and 19-3-301 shall not apply to any trust to the extent that a court of competent jurisdiction shall determine that such application would be contrary to the terms of the instrument governing such trust and that the same may not properly be changed to conform to such sections. (Acts 1971, No. 2276, p. 3666, §3.)
AL Code § 19-3-303 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 13 - Private Foundations, Charitable Trusts, and Split-Interest Trusts.|Section 19-3-303 - Future Provisions of Federal Internal Revenue Laws Included.

Section 19-3-303Future provisions of federal internal revenue laws included. All references to sections of the Internal Revenue Code of 1954 shall include future amendments to such sections and corresponding provisions of future internal revenue laws. (Acts 1971, No. 2276, p. 3666, §4.)
AL Code § 19-3-320 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 14 - Actions of Trustees of Express Trusts. Repealed.|Section 19-3-320 - Definitions.

Section 19-3-320Definitions. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Acts 1995, No. 95-310, p. 571, §1.)
AL Code § 19-3-321 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 14 - Actions of Trustees of Express Trusts. Repealed.|Section 19-3-321 - Trustee Allowed to Perform Prudent Person Actions Without Prior Court Authorization.

Section 19-3-321Trustee allowed to perform prudent person actions without prior court authorization. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Acts 1995, No. 95-310, p. 571, §2.)
AL Code § 19-3-322 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 14 - Actions of Trustees of Express Trusts. Repealed.|Section 19-3-322 - Powers of Trustee.

Section 19-3-322Powers of trustee. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Acts 1995, No. 95-310, p. 571, §3.)
AL Code § 19-3-323 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 14 - Actions of Trustees of Express Trusts. Repealed.|Section 19-3-323 - Termination of Small Trusts Where Continued Administration Too Costly; Actions by Trustee to Carry Out Trust Purpose.

Section 19-3-323Termination of small trusts where continued administration too costly; actions by trustee to carry out trust purpose. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Acts 1995, No. 95-310, p. 571, §4.)
AL Code § 19-3-324 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 14 - Actions of Trustees of Express Trusts. Repealed.|Section 19-3-324 - Actions Trustee Who Is Also Beneficiary May Not Perform; Powers of Person Who Has Right to Remove Trustee; Parties in Interest.

Section 19-3-324Actions trustee who is also beneficiary may not perform; powers of person who has right to remove trustee; parties in interest. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Acts 1995, No. 95-310, p. 571, §5.)
AL Code § 19-3-325 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 14 - Actions of Trustees of Express Trusts. Repealed.|Section 19-3-325 - Concurrence of All Co-Trustees Required.

Section 19-3-325Concurrence of all co-trustees required. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Acts 1995, No. 95-310, p. 571, §6.)
AL Code § 19-3-326 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 14 - Actions of Trustees of Express Trusts. Repealed.|Section 19-3-326 - Payment Out of Trust Estate of Expenses of Trustee in Defending or Prosecuting Proceedings in Good Faith.

Section 19-3-326Payment out of trust estate of expenses of trustee in defending or prosecuting proceedings in good faith. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Acts 1995, No. 95-310, p. 571, §7.)
AL Code § 19-3-327 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 14 - Actions of Trustees of Express Trusts. Repealed.|Section 19-3-327 - Applicability of Article.

Section 19-3-327Applicability of article. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Acts 1995, No. 95-310, p. 571, §8.)
AL Code § 19-3-328 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3 - Trusts.|Article 14 - Actions of Trustees of Express Trusts. Repealed.|Section 19-3-328 - Construction of Article.

Section 19-3-328Construction of article. Repealed by Act 2006-216, p. 314, §5, effective January 1, 2007. (Acts 1995, No. 95-310, p. 571, §9; Act 2004-296, p. 418, §1.)
AL Code § 19-3A-101 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3A - Alabama Principal and Income Act.|Article 1 - Definitions and Fiduciary Duties.|Section 19-3A-101 - Short Title.

Section 19-3A-101Short title. This chapter shall be known and may be cited as the "Alabama Principal and Income Act." (Act 2000-675, p. 1343, §1.)
AL Code § 19-3A-103 (2021)
2021 Code of Alabama|Title 19 - Fiduciaries and Trusts.|Chapter 3A - Alabama Principal and Income Act.|Article 1 - Definitions and Fiduciary Duties.|Section 19-3A-103 - Fiduciary Duties; General Principles.

Section 19-3A-103Fiduciary duties; general principles. (a) In allocating receipts and disbursements to or between principal and income, and with respect to any matter within the scope of Article 2 and Article 3, a fiduciary: (1) Shall administer a trust or decedent's estate in accordance with the terms of the trust or the will, even if there is a different provision in this chapter; (2) May administer a trust or decedent's estate by the exercise of a discretionary power of administration given to the fiduciary by the terms of the trust or the will, even if the exercise of the power produces a result different from a result required or permitted by this chapter; (3) Subject to the provisions of Section 19-3A-104, shall administer a trust or decedent's estate in accordance with this chapter if the terms of the trust or the will do not contain a different provision or do not give the fiduciary a discretionary power of administration; and (4) Shall add a receipt or charge a disbursement to principal to the extent that the terms of the trust and this chapter do not provide a rule for allocating the receipt or disbursement to or between principal and income. (b) In exercising the power to adjust under Section 19-3A-104(a) or the power to convert to a unitrust under Section 19-3A-106, if applicable, or a discretionary power of administration regarding a matter within the scope of this chapter, whether granted by the terms of a trust, a will, or this chapter, a fiduciary shall administer a trust or decedent's estate impartially, based on what is fair and reasonable to all of the beneficiaries, except to the extent that the terms of the trust or the will clearly manifest an intention that the fiduciary shall or may favor one or more of the beneficiaries. The exercise of discretion in accordance with this chapter is presumed to be fair and reasonable to all of the beneficiaries. (Act 2000-675, p. 1343, §1; Act 2013-336, p. 1179, §1.)