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- Alaska Statutes.
- Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts.
- Chapter 36. Trust Administration
- Section 150. Trustee Buying From or Selling to Itself.
previous: Section 145
. Corporate Trustee Depositing Trust Funds With Itself.
next: Section 153
. Restrictions On Exercising Certain Trustee Powers.
AS 13.36.150. Trustee Buying From or Selling to Itself.
A trustee, unless expressly authorized by the trust instrument, may not directly or indirectly lease, buy, or sell
property for the trust from or to
- (1) itself or an affiliate;
- (2) a director, an officer, or an employee of the trustee or an affiliate; or
- (3) a relative, an employer, or a partner or other business associate.
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