Alaska Statutes (Last Updated: January 11, 2017) |
Title 13. DECEDENTS' ESTATES, GUARDIANSHIPS, TRANSFERS, TRUSTS, AND HEALTH CARE DECISIONS. |
Chapter 13.36. TRUST ADMINISTRATION. |
Article 13.36.03. TRUSTEES. |
Section 13.36.077. Delivery of property by former trustee.
Latest version.
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Except as otherwise provided in the trust instrument,
(1) unless a co-trustee remains or the court otherwise orders, and until the trust property is delivered to a successor trustee or another person entitled to the trust property, a trustee who has resigned or been removed has the duties of a trustee and the powers necessary to protect the trust property;
(2) a trustee who has resigned or been removed shall proceed expeditiously to deliver the trust property in the trustee's possession to a co-trustee, a successor trustee, or another person entitled to the trust property.
Notes
History
(Sec. 7 ch 7 SLA 2008)