Alaska Statutes: AS 13.38.390. Permissible Conversion Where Otherwise Prohibited.

Alaska Statutes. Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts. Chapter 38. Principal and Income of Trusts Section 390. Permissible Conversion Where Otherwise Prohibited.

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AS 13.38.390. Permissible Conversion Where Otherwise Prohibited.

(a) If AS 13.38.380 (a)(3), (4), or (6) applies to a trustee and there is more than one trustee, a co-trustee to whom the provision does not apply may convert the trust, unless the exercise of the power by the remaining trustee is prohibited by the governing instrument.
(b) If AS 13.38.380 (a)(3), (4), or (6) applies to all the trustees, the trustees may petition the court to direct a conversion.

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