Sec. 13.46.150. Exemption of third person from liability.
A third person in good faith and without court order may act on the instructions of or otherwise deal with a person purporting to make a transfer or purporting to act in the capacity of a custodian and, in the absence of knowledge, is not responsible for determining (1) the validity of the purported custodian’s […]
Sec. 13.46.010. Scope and jurisdiction.
(a) This chapter applies to a transfer that refers to this chapter in the designation under AS 13.46.080(a) by which the transfer is made, if at the time of the transfer, the transferor, the minor, or the custodian is a resident of this state or the custodial property is located in this state. The custodianship […]
Sec. 13.46.160. Liability to third persons.
(a) A claim based on (1) a contract entered into by a custodian acting in a custodial capacity, (2) an obligation arising from the ownership or control of custodial property, or (3) a tort committed during the custodianship, may be asserted against the custodial property by proceeding against the custodian in the custodial capacity, whether […]
Sec. 13.38.900. Not applicable to mental health trust.
This chapter does not apply to the trust established under the Alaska Mental Health Enabling Act of 1956, P.L. 84-830, 70 Stat. 709.
Sec. 13.38.910. Uniformity of application and construction.
In applying and construing this chapter, consideration shall be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.
Sec. 13.38.980. Definitions.
In this chapter, unless the context clearly indicates otherwise, (1) “accounting period” means a calendar year, unless another 12-month period is selected by a fiduciary, and includes a portion of a calendar year or other 12-month period that begins when an income interest begins or ends when an income interest ends; (2) “beneficiary” includes, in […]
Sec. 13.38.990. Short title.
This chapter may be cited as the Alaska Principal and Income Act.
Sec. 13.41.005. Application.
Except as provided by AS 13.06.068, this chapter applies to the disposition at death of the following property acquired by a married person: (1) all personal property, wherever situated, (A) that was acquired as or became, and remained, community property under the laws of another jurisdiction; or (B) all or the proportionate part of which […]
Sec. 13.41.010. Rebuttable presumptions.
Subject to AS 13.06.068, in determining whether this chapter applies to specific property, the following rebuttable presumptions apply: (1) property acquired during marriage by a spouse of that marriage while domiciled in a jurisdiction under whose laws property could then be acquired as community property is presumed to have been acquired as or to have […]
Sec. 13.41.015. Disposition upon death.
Upon the death of a married person, one-half of the property to which this chapter applies is the property of the surviving spouse and is not subject to testamentary disposition by the decedent or distribution under the laws of succession of this state. The other half of the property to which this chapter applies is […]