Sec. 13.36.025. Qualification of foreign trustee.
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/ak/title-13/chapter-36/13-36-025A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 13.36.025. Qualification of foreign trustee.
(a)A foreign corporate trustee is required to qualify as a foreign corporation doing business in this state if it maintains the principal place of administration of any trust within the state. A foreign co-trustee is not required to qualify in this state solely because its co-trustee maintains the principal place of administration in this state. Unless otherwise doing business in this state, local qualification by a foreign trustee, corporate or individual, is not required in order for the trustee to receive distribution from a local estate or to hold, invest in, manage, or acquire property located in this state, or maintain litigation. Nothing in this section affects a determination of what other acts require qualification as doing business in this state.
(b)The provisions of
(a)of this section are not intended to override any provision of AS 06.26 , and AS 06.26 governs to the extent of any conflict.
Article 2. Jurisdiction of Court Concerning Trusts; Choice of Law; Venue; Situs.