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AS 13.38.490

Definitions

Known as the Alaska Principal and Income Act

The act spans §§ 13–13 (56 sections).

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 4. Decedent's Estate or Terminating Income Interest.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.