Alaska Statutes.
Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts.
Chapter 38. Alaska Principal and Income Act
Section 450. Requirements For Making Election.
previous: Section 440. Charitable Trust Election.
next: Section 460. Selection of Percentage After Charitable Trust Election.

AS 13.38.450. Requirements For Making Election.

To make an election under AS 13.38.440 - 13.38.490, the trustee shall adopt and follow an investment policy seeking a total return for the investments held by the trust, whether the return is to be derived from appreciation of capital or earnings and distributions with respect to capital or both. The policy constituting the election must be in writing, must be maintained as part of the permanent records of the trust, and must recite that it constitutes an election to be governed by AS 13.38.440 - 13.38.490.

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