Alaska Statutes.
Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts.
Chapter 60. Uniform Custodial Trust Act
Section 30. Form and Effect of Receipt and Acceptance By Custodial Trustee; Jurisdiction.
previous: Section 20. Custodial Trustee For Future Payment or Transfer.
next: Section 40. Transfer to Custodial Trustee By Fiduciary, Obligor, or Other Person; Facility of Payment.

AS 13.60.030. Form and Effect of Receipt and Acceptance By Custodial Trustee; Jurisdiction.

(a) The obligations of a custodial trustee, including the obligation to follow directions of the beneficiary, arise under this chapter upon the custodial trustee's acceptance, express or implied, of the custodial trust property.

(b) The custodial trustee's acceptance may be evidenced by a writing stating in substance as follows:


I, _______________________________________ (name of custodial trustee)

acknowledge receipt of the custodial trust property described below or in the attached instrument and accept

the custodial trust as custodial trustee for

_________________________________________ (name of beneficiary)

under the Alaska Uniform Custodial Trust Act.

I undertake to administer and distribute the custodial trust property under the Alaska Uniform Custodial

Trust Act. My obligations as custodial trustee are subject to the directions of the beneficiary unless the

beneficiary is designated as, is, or becomes incapacitated. The custodial trust property consists of


Dated ___________________________ 


(Signature of Custodial Trustee). 

(c) Upon accepting custodial trust property, a person designated as custodial trustee under this chapter is subject to the personal jurisdiction of the court with respect to a matter relating to the custodial trust.

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.