Alaska Statutes.
Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts.
Chapter 38. Alaska Principal and Income Act
Section 490. Definitions.
previous: Section 480. Value Determination.
next: Section 500. Determination and Distribution of Net Income.

AS 13.38.490. Definitions.

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.

Article 04. DECENDENT'S ESTATE OR TERMINATING INCOME INTEREST

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