(a) The situs of a foreign trust is moved to this state when the trust satisfies the conditions listed in Alaska Stat. § 13.36.035(c)(1) – (4) and a qualified person serving as trustee registers the trust under Alaska Stat. § 13.36.010.
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Terms Used In Alaska Statutes 13.36.043

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
  • Trustee: A person or institution holding and administering property in trust.
(b) If the situs of a foreign trust is moved to this state as provided in this section, a provision in the trust that restricts the transfer of trust assets in a manner similar to Alaska Stat. § 34.40.110, that allows the trust to be perpetual, or that is not expressly prohibited by the law of this state is effective and enforceable under the laws of this state.
(c) A foreign trust that moves its situs to this state is valid whether or not the trust complied with the laws of this state at the time of its creation or after its creation.
(d) In this section, “foreign trust” means a trust that is created in another state or country and that is valid in that state or country.
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