Alaska Statutes 13.36.150 – Trustee leasing, buying, or selling to or from itself or a related person
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A trustee, unless expressly authorized by the trust instrument, may not directly or indirectly lease, buy, or sell property for the trust from or to
Terms Used In Alaska Statutes 13.36.150
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- property: includes real and personal property. See Alaska Statutes 01.10.060
- Trustee: A person or institution holding and administering property in trust.