Sec. 13.65.090. Definitions.
In this chapter, (1) “charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or another purpose the achievement of which is beneficial to the community; (2) “endowment fund” means an institutional fund, or part of an institutional fund, not wholly expendable […]
Sec. 13.63.130. Custodian compliance and immunity.
(a) Not later than 60 days after receipt of the information required under AS 13.63.040 – 13.63.120, a custodian shall comply with a request under this chapter from a fiduciary or designated recipient to disclose digital assets or terminate an account. If the custodian fails to comply, the fiduciary or designated recipient may apply to […]
Sec. 13.65.095. Short title.
This chapter may be cited as the Uniform Prudent Management of Institutional Funds Act.
Sec. 13.63.140. 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. 13.63.150. Relation to Electronic Signatures in Global and National Commerce Act.
This chapter modifies, limits, or supersedes 15 U.S.C. 7001 – 7031 (Electronic Signatures in Global and National Commerce Act), but does not modify, limit, or supersede 15 U.S.C. 7001(c), or authorize electronic delivery of any of the notices described in 15 U.S.C. 7003(b).
Sec. 13.63.160. Digital assets coverage.
In this chapter, a digital asset does not apply to an underlying asset or liability unless the asset or liability is itself an electronic record. This chapter does not apply to a digital asset of an employer used by an employee in the ordinary course of the employer’s business.
Sec. 13.63.170. Application to custodians.
This chapter applies to a custodian if the user resides in this state or resided in this state at the time of the user’s death.
Sec. 13.63.190. Definitions.
In this chapter, (1) “account” means an arrangement under a terms-of-service agreement in which a custodian carries, maintains, processes, receives, or stores a digital asset of the user or provides goods or services to the user; (2) “agent” means an attorney-in-fact granted authority under a durable or nondurable power of attorney; (3) “carries” means engages […]
Sec. 13.63.195. Short title.
This chapter may be cited as the Revised Uniform Fiduciary Access to Digital Assets Act.
Sec. 13.65.010. Standard of conduct in managing and investing institutional funds.
(a) Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund. (b) In addition to complying with the duty of loyalty imposed by law other than this chapter, each […]