{"data":{"id":"us-ak/as-13.38.410","jurisdiction":"us-ak","citation":"AS 13.38.410","heading":"Release of power to convert to unitrust.","body":"(a) A trustee may release the power conferred by AS 13.38.300 to convert to a unitrust if the trustee\n(1) is uncertain about whether possessing or exercising the power will cause a result described in AS 13.38.380(a)(3), (4), or (5); or\n(2) determines that possessing or exercising the power will or may deprive the trust of a tax benefit or impose a tax burden not described in AS 13.38.380.\n(b) The release of a power under (a) of this section may be permanent or for a specified period, including a period measured by the life of an individual.","path":["Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions.","Chapter 38. Alaska Principal and Income Act.","Article 2. Unitrusts."],"source_url":"https://www.akleg.gov/basis/statutes.asp#13.38.410","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:54Z","sha256":"ef3a6d3b05e21c282270e89fd4065dd0920b6bf89bbdd1fa4994f14a494db046","source_id":"us-ak","stale":false,"prev":"us-ak/as-13.38.400","next":"us-ak/as-13.38.420"},"notice":"GroundRules: Original legal text. Not legal advice."}