Sec. 13.38.490. Definitions.
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/ak/title-13/chapter-38/13-38-490A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
Article 4. Decedent's Estate or Terminating Income Interest.