Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust and with the requirements of AS 13.36.225 - 13.36.290.
Structure Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 36. Trust Administration
Article 4. Alaska Uniform Prudent Investor Act.
Sec. 13.36.225. Prudent investor rule.
Sec. 13.36.230. Standard of care; portfolio strategy; risk and return objectives.
Sec. 13.36.235. Diversification.
Sec. 13.36.240. Duties at inception of trusteeship.
Sec. 13.36.260. Investment costs.
Sec. 13.36.265. Reviewing compliance.
Sec. 13.36.270. Delegation of investment and management functions.
Sec. 13.36.273. Trustee duties relating to insurance.
Sec. 13.36.275. Language invoking standard of AS 13.36.225 - 13.36.290.