Alaska Statutes Title 13, Chapter 13.36, Article 04 - Alaska Uniform Prudent Investor Act

• Sec. 13.36.225 Prudent Investor Rule.
  (a) Except as otherwise provided in (b) of this section and AS 13.36.273, a trustee who invests and manages trust assets owes a duty...
• Sec. 13.36.230 Standard of Care; Portfolio Strategy; Risk and Return Objectives.
  (a) A trustee shall invest and manage trust assets as a prudent investor would by considering the purposes, terms, distribution requirements, and other circumstances...
• Sec. 13.36.235 Diversification.
  A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust...
• Sec. 13.36.240 Duties At Inception of Trusteeship.
  Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions...
• Sec. 13.36.245 Loyalty.
  A trustee shall invest and manage the trust assets solely in the interest of the beneficiaries.
• Sec. 13.36.250 Impartiality.
  If a trust has two or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any...
• Sec. 13.36.260 Investment Costs.
  In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes...
• Sec. 13.36.265 Reviewing Compliance.
  Compliance with the prudent investor rule is determined in light of the facts and circumstances existing at the time of a trustee's decision or...
• Sec. 13.36.270 Delegation of Investment and Management Functions.
  (a) A trustee may delegate investment and management functions that a prudent trustee of comparable skills could properly delegate under the circumstances. The trustee...
• Sec. 13.36.273 Trustee Duties Relating to Insurance.
  (a) With respect to a contract for life insurance acquired or retained for a trust on the life of a qualified person, a trustee...
• Sec. 13.36.280 Application.
  (a) AS 13.36.225 - 13.36.290 apply to trusts existing on and created after May 23, 1998. As applied to trusts existing on May 23,...
• Sec. 13.36.285 Uniformity of Application and Construction.
  AS 13.36.225 - 13.36.290 shall be applied and construed to carry out their general purpose to make uniform the law with respect to the...
• Sec. 13.36.290 Short Title.
  AS 13.36.225 - 13.36.290 may be cited as the Alaska Uniform Prudent Investor Act.

Last modified: November 15, 2016