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2017 Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 38. Alaska Principal and Income Act
Article 3. Charitable Trust Election
Sec. 13.38.490. Definitions.
Universal Citation: AK Stat § 13.38.490 (2017)
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.
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