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§ 13-38-490 — Alaska Law | CourtGPT
  1. Home/
  2. Laws/
  3. Alaska/
  4. Title 13 - Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions/
  5. Chapter 38 - Alaska Principal and Income Act/
  6. Article 3 - Charitable Trust Election.sec. 13.38.440. Charitable Trust Election/
  7. § 13-38-490
Alaska Legal Code

§ 13-38-490

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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.