Alaska Statutes 13.36.120 – Voting of corporate stock owned by trustee
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Terms Used In Alaska Statutes 13.36.120
- Trustee: A person or institution holding and administering property in trust.
A trustee of a trust owning corporate stock is liable for a loss resulting to the beneficiaries from a failure to use reasonable care in deciding how to vote the stock and in voting the stock only if personally at fault.