Section 11-A-6.4. Application of article


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  • Except  as specifically provided in the trust instrument, the will, or
      in this article, this article shall apply  to  any  receipt  or  expense
      received  or  incurred  on  or  after its effective date by any trust or
      decedent's estate established before, on or after its effective date and
      whether the asset involved was acquired by the  trustee  before,  on  or
      after  its effective date, except that this article shall not apply to a
      trust while any current beneficiary is interested in a  unitrust  amount
      pursuant to subparagraph 11-2.4(b)(1); but it does apply with respect to
      assets  to  which such a unitrust may become entitled but prior to their
      actual receipt into the unitrust.