Section 13.36.140. Loan of trust funds.

Latest version.

Except as provided in AS 13.36.145, a corporate trustee may not lend trust funds to itself or an affiliate, or to a director, an officer, or an employee of itself or an affiliate, and a noncorporate trustee may not lend trust funds to itself or to a relative, an employer, an employee, or a partner or other business associate.

Authorities

13.36.192;13.36.194

Notes

References

AS 13.36.192 Power of settlor of trust.
AS 13.36.194 Power of beneficiary of trust.

History

(Sec. 12 ch 105 SLA 1998)

                    
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