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Alaska Statutes.

Title 13. Estates, Guardianships, Transfers, Trusts.

Chapter 60. Uniform Custodial Trust Act

Section 30. Form and Effect of Receipt and Acceptance By Custodial Trustee; Jurisdiction.

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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Last modified 9/3/2005