Alaska Statutes 10.50.385 – Rights of estate or legal representative of deceased or incompetent member
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Alaska Statutes 10.50.385
- Executor: A male person named in a will to carry out the decedent
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
- property: includes real and personal property. See Alaska Statutes 01.10.060
If a member who is an individual dies or if a court of competent jurisdiction determines the member to be incompetent to manage the member’s person or property, the member’s executor, administrator, guardian, conservator, or other legal representative has the rights of an assignee of the member’s interest, if the member’s interest has not been terminated.