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Alaska Statutes.
Title 13. Estates, Guardianships, Transfers, Trusts.
Chapter 36. Trust Administration
Section 130. Failure of Beneficiary to Present Claim For Payment.
previous: Section 125. Creation of Trust Bank Account to Pay Special Debts.
next: Section 135. Holding Stock in Name of Nominee.

AS 13.36.130. Failure of Beneficiary to Present Claim For Payment.

If a beneficiary for whom a trust bank account is created under AS 13.36.125 does not present the beneficiary's claim to the bank for payment within one year after the claim is due, the depositor who created the trust may revoke the trust as to the beneficiary.


Note to HTML Version:

This version of the Alaska Statutes is current through December, 2004. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.

Last modified 9/3/2005