Except as otherwise provided in the trust instrument,

(1) unless a co-trustee remains or the court otherwise orders, and until the trust property is delivered to a successor trustee or another person entitled to the trust property, a trustee who has resigned or been removed has the duties of a trustee and the powers necessary to protect the trust property;
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Terms Used In Alaska Statutes 13.36.077

  • 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
  • Trustee: A person or institution holding and administering property in trust.
(2) a trustee who has resigned or been removed shall proceed expeditiously to deliver the trust property in the trustee’s possession to a co-trustee, a successor trustee, or another person entitled to the trust property.
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