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Alaska Statutes.
Title 13. Estates, Guardianships, Transfers, Trusts.
Chapter 36. Trust Administration
Section 120. Voting of Corporate Stock Owned By Trustee.
previous: Section 110. Liability of Trustee Relating to Exercise of Power.
next: Section 125. Creation of Trust Bank Account to Pay Special Debts.

AS 13.36.120. Voting of Corporate Stock Owned By Trustee.

A trustee of a trust owning corporate stock is liable for a loss resulting to the beneficiaries from a failure to use reasonable care in deciding how to vote the stock and in voting the stock only if personally at fault.


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Last modified 9/3/2005