Alaska Statutes (Last Updated: January 11, 2017) |
Title 13. DECEDENTS' ESTATES, GUARDIANSHIPS, TRANSFERS, TRUSTS, AND HEALTH CARE DECISIONS. |
Chapter 13.38. ALASKA PRINCIPAL AND INCOME ACT. |
Article 13.38.02. UNITRUSTS. |
Section 13.38.360. Court orders regarding unitrust.
Latest version.
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The trustee or, if the trustee declines to petition the court, a beneficiary may petition the court to provide for a distribution of net income, as would be determined if the unitrust were not a unitrust, in excess of the unitrust distribution if the distribution is necessary to preserve a tax benefit.
Notes
History
(Sec. 2 ch 145 SLA 2003; am Sec. 24 ch 45 SLA 2013)