(a) If at least one qualified person serves as trustee of a trust whose state jurisdiction provision is valid, effective, and conclusive under Alaska Stat. § 13.36.035(c), then the following persons also may serve as trustees even though they are not qualified persons:

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Terms Used In Alaska Statutes 13.36.320

  • 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
  • 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.
(1) individuals who do not reside in the state;
(2) trust companies that have their principal place of business outside the state and that are not organized under Alaska Stat. Chapter 06.26; and
(3) banks that have their principal place of business outside the state or that are not organized under Alaska Stat. Chapter 06.05.
(b) Notwithstanding other provisions of law to the contrary, a trustee who is not a qualified person is not considered to be engaging in business in this state solely by reason of serving as trustee of a trust whose state jurisdiction provision is valid, effective, and conclusive under Alaska Stat. § 13.36.035(c).
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