SB234 — An Act adopting the Uniform Fiduciary Income and Principal Act; repealing the Alaska Principal and Income Act; relating to fiduciary income and principal; relating to the probate jurisdiction of court; relating to trust administration; and relating to transfers of trust interests.

SB234 — An Act adopting the Uniform Fiduciary Income and Principal Act; repealing the Alaska Principal and Income Act; relating to fiduciary income and principal; relating to the probate jurisdiction of court; relating to trust administration; and relating to transfers of trust interests. · Informed CitizenrySB234 amends AS 13.06.120 to clarify that orders binding one party in proceedings involving trusts and estates also bind others. The bill updates definitions for 'order' and 'proceeding,' and adds…Open in Informed Citizenry