Terms Used In Alaska Statutes 21.78.294

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

Under the direction of the court, the receiver shall distribute assets in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third-party claims. Distribution of assets in kind may be made at valuations set by agreement between the receiver and the creditor, and approved by the court.