(a) The settlor of a trust affected by AS 13.36.105 - 13.36.220 may, by provision in the instrument creating the trust if the trust is created by a writing, by oral statement to the trustee at the time of the creation of the trust if the trust is created orally, or by an amendment of the trust if the settlor reserved the power to amend the trust,
(1) relieve the trustee from any or all of the duties, restrictions, and liabilities that would otherwise be imposed on the trustee by AS 13.36.105 - 13.36.220;
(2) alter or deny to the trustee any or all of the privileges and powers conferred on the trustee by AS 13.36.105 - 13.36.220; or
(3) add duties, restrictions, liabilities, privileges, or powers, to those imposed or granted by AS 13.36.105 - 13.36.220.
(b) Notwithstanding (a) of this section, an act of the settlor may not relieve a trustee from the duties, restrictions, and liabilities imposed on the trustee by AS 13.36.140, 13.36.145, or 13.36.150.
Structure Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 36. Trust Administration
Sec. 13.36.070. General duty not limited.
Sec. 13.36.071. Accepting or rejecting trusteeship.
Sec. 13.36.073. Vacancy in trusteeship; appointment of successor.
Sec. 13.36.074. Resignation of trustee.
Sec. 13.36.076. Removal of trustee.
Sec. 13.36.077. Delivery of property by former trustee.
Sec. 13.36.078. Reimbursement of expenses.
Sec. 13.36.079. Certification of trust; penalty.
Sec. 13.36.080. Duty to inform and account to beneficiaries.
Sec. 13.36.090. Trustee's duty; appropriate place of administration; deviation.
Sec. 13.36.095. Personal liability of trustee to third parties.
Sec. 13.36.100. Limitations on proceedings against trustees.
Sec. 13.36.105. Powers attached to the office of trustee.
Sec. 13.36.107. General powers.
Sec. 13.36.109. Specific powers of trustees.
Sec. 13.36.110. Liability of trustee relating to exercise of power.
Sec. 13.36.120. Voting of corporate stock owned by trustee.
Sec. 13.36.125. Creation of trust bank account to pay special debts.
Sec. 13.36.130. Failure of beneficiary to present claim for payment.
Sec. 13.36.135. Holding stock in name of nominee.
Sec. 13.36.140. Loan of trust funds.
Sec. 13.36.145. Corporate trustee depositing trust funds with itself.
Sec. 13.36.150. Trustee leasing, buying, or selling to or from itself or a related person.
Sec. 13.36.153. Restrictions on exercising certain trustee powers.
Sec. 13.36.155. Permitted sales between trusts held by same corporate trustee.
Sec. 13.36.157. Exercise of power of appointment.
Sec. 13.36.158. Additional provisions relating to exercise of a power of appointment.
Sec. 13.36.159. Implementation of power of appointment.
Sec. 13.36.160. Corporate trustee buying its own or an affiliate's securities.
Sec. 13.36.165. Withdrawals from mingled trust funds.
Sec. 13.36.170. Unenforceable oral trust created by deed.
Sec. 13.36.175. Action on contract against trustee in representative capacity.
Sec. 13.36.180. Exoneration or reimbursement for tort.
Sec. 13.36.185. Tort liability of trust.
Sec. 13.36.190. Personal liability for tort committed by trustee.
Sec. 13.36.192. Power of settlor of trust.
Sec. 13.36.194. Power of beneficiary of trust.
Sec. 13.36.196. Relieving trustee of duties, restrictions, and liability; power of the court.