Section 13.38.490. Definitions.

Latest version.

In AS 13.38.440 - 13.38.490, except as otherwise expressly stated in AS 13.38.440 - 13.38.490,
        (1) "income" means the percentage of the value of the trust computed under AS 13.38.440 - 13.38.490;
        (2) "principal" means all assets other than those identified as income in (1) of this section that are held by the trustee with respect to the trust.

Notes

History

(Sec. 2 ch 145 SLA 2003)

                    
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