{"data":{"id":"us-ak/as-13.38.430","jurisdiction":"us-ak","citation":"AS 13.38.430","heading":"Power to treat gains as part of distribution of principal.","body":"Unless prohibited by the unitrust's governing instrument or specifically addressed by AS 13.38.350 or 13.38.420, the trustee of a unitrust may treat gains from the sale of capital assets of the unitrust as part of a distribution of principal to a beneficiary, and, if the trustee treats those gains as part of a distribution of principal to a beneficiary, the trustee shall treat those gains consistently on the unitrust's books, records, and tax returns as part of a distribution to a beneficiary.","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#13.38.430","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:54Z","sha256":"e6e3007e294f9fe6e1212343f58f277fcfe1c09a9140852e3fbd1f8205874639","source_id":"us-ak","stale":false,"prev":"us-ak/as-13.38.420","next":"us-ak/as-13.38.435"},"notice":"GroundRules: Original legal text. Not legal advice."}