The trustee of a trust held exclusively for charitable purposes may elect to be governed by AS 13.38.440 — 13.38.490 unless the governing instrument expressly provides that the election provided by AS 13.38.440 — 13.38.490 is not available.
AS 13.38.440
Charitable trust election
Known as the Alaska Principal and Income Act
The act spans §§ 13–13 (56 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.