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.

Article 04. DECENDENT'S ESTATE OR TERMINATING INCOME INTEREST

All content © 2008 by Touch N' Go/Bright Solutions, Inc.

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.