(a) The corpus or income of the assets held in trust as required by the plan may not be diverted or used for other than the exclusive benefit of the participants.

Terms Used In Alaska Statutes 39.30.430

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(b) The assets of the plan may not be used to pay premiums or contributions of the employer under another plan maintained by the employer.
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