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Alaska Statutes.

Title 13. Estates, Guardianships, Transfers, Trusts.

Chapter 38. Principal and Income of Trusts

Section 490. Definitions.

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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Last modified 9/3/2005