Alaska Statutes Sec. 13.38.490 - Definitions

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.

Section: Previous  13.38.440  13.38.450  13.38.460  13.38.470  13.38.480  13.38.490  

Last modified: November 15, 2016