Alaska Statutes.
Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts.
Chapter 60. Uniform Custodial Trust Act
Section 30. Form and Effect of Receipt and Acceptance By Custodial Trustee; Jurisdiction.
previous: Section 20. Custodial Trustee For Future Payment or Transfer.
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AS 13.60.030. Form and Effect of Receipt and Acceptance By Custodial Trustee; Jurisdiction.

(a) The obligations of a custodial trustee, including the obligation to follow directions of the beneficiary, arise under this chapter upon the custodial trustee's acceptance, express or implied, of the custodial trust property.

(b) The custodial trustee's acceptance may be evidenced by a writing stating in substance as follows:

CUSTODIAL TRUSTEE'S RECEIPT AND ACCEPTANCE

I, _______________________________________ (name of custodial trustee)

acknowledge receipt of the custodial trust property described below or in the attached instrument and accept

the custodial trust as custodial trustee for

_________________________________________ (name of beneficiary)

under the Alaska Uniform Custodial Trust Act.

I undertake to administer and distribute the custodial trust property under the Alaska Uniform Custodial

Trust Act. My obligations as custodial trustee are subject to the directions of the beneficiary unless the

beneficiary is designated as, is, or becomes incapacitated. The custodial trust property consists of

__________________________________________________________________.

Dated ___________________________ 

_________________________________

(Signature of Custodial Trustee).

(c) Upon accepting custodial trust property, a person designated as custodial trustee under this chapter is subject to the personal jurisdiction of the court with respect to a matter relating to the custodial trust.

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