2010 Alaska Statutes
Title 06. BANKS AND FINANCIAL INSTITUTIONS
Chapter 06.26. REVISED ALASKA TRUST COMPANY ACT
Sec. 06.26.390. Fee determination; investment and management costs.
(a) A trust company shall deal at arm's length with a person when arranging the compensation to be paid by the person for the services of the trust company. Any compensation paid to the trust company must be a reasonable amount with respect to the services rendered.
(b) When investing and managing trust assets, a trust company may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trust company.
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