There is a newer version
of
this Section
2020 Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 36. Trust Administration
Article 3. Trustees.
Sec. 13.36.155. Permitted sales between trusts held by same corporate trustee.
Universal Citation: AK Stat § 13.36.155 (2020)
If the transaction is fair to both trusts and if the transaction is not prohibited by the instruments creating the trustee relationship, a corporate trustee may sell to itself as trustee of a trust the following held by the corporate trustee as trustee for another trust:
(1) stocks, bonds, and other securities listed on a securities exchange supervised by the United States Securities and Exchange Commission; and
(2) obligations of the United States treasury and obligations of United States government agencies.
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
