Sec. 13.36.275. Language invoking standard of AS 13.36.225 – 13.36.290.
The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes an investment or strategy permitted under AS 13.36.225 – 13.36.290: “investments permissible by law for investment of trust funds,” “legal investments,” “authorized investments,” “using the judgment and care under the circumstances then prevailing that persons of prudence, […]
Sec. 13.36.280. Application.
(a) AS 13.36.225 – 13.36.290 apply to trusts existing on and created after May 23, 1998. As applied to trusts existing on May 23, 1998, AS 13.36.225 – 13.36.290 govern only decisions or actions occurring after May 23, 1998. (b) AS 13.36.225 – 13.36.290 govern only decisions or actions of personal representatives under AS 13.16.350(a) […]
Sec. 13.36.285. Uniformity of application and construction.
AS 13.36.225 – 13.36.290 shall be applied and construed to carry out their general purpose to make uniform the law with respect to the subject of those sections among the states that enact them.
Sec. 13.36.290. Short title.
AS 13.36.225 – 13.36.290 may be cited as the Alaska Uniform Prudent Investor Act.