Section 06.26.390. Fee determination; investment and management costs.

Latest version.

   (a) A trust company shall deal at arm's length with a person when arranging the compensation to be paid by the person for the services of the trust company. Any compensation paid to the trust company must be a reasonable amount with respect to the services rendered.
   (b) When investing and managing trust assets, a trust company may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trust company.

Notes

Implemented As

3 AAC 04.230

History

(Sec. 2 ch 77 SLA 2002)

                    
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