Alaska · Through Alaska Statutes 2025 (34th Legislature, 2025-2026)

AS 13.38.490: Definitions.

Where this section sits in the code

Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions.
Chapter 38. Alaska Principal and Income Act.
Article 3. Charitable Trust Election.

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.

Collected 2026-09-02T06:16:54Z. Source file · JSON