Alaska Statutes.
Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts.
Chapter 38. Principal and Income of Trusts
Section 490. Definitions.
previous: Section 480. Value Determination.
next: Section 500. Determination and Distribution of Net Income.

AS 13.38.490. Definitions.

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.


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