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 13.38.370. Effects of conversion.
Latest version.
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A conversion to a unitrust does not affect a provision in the governing instrument directing or authorizing the trustee to distribute principal or authorizing a beneficiary to withdraw a portion or all of the principal.
Notes
History
(Sec. 2 ch 145 SLA 2003)