Alaska Statutes
Chapter 46. Alaska Uniform Transfers to Minors Act
Sec. 13.46.990. Definitions.

In this chapter,
(1) “adult” means an individual who has attained the age of 18 years;
(2) “benefit plan” means an employer's plan for the benefit of an employee or partner;
(3) “broker” means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person's own account or for the account of others;
(4) “conservator” means a person appointed or qualified by a court to act as general, limited, or temporary guardian of a minor's property or a person legally authorized to perform substantially the same functions;
(5) “court” means the superior court;
(6) “custodial property” means
(A) an interest in property transferred to a custodian under this chapter; and
(B) the income from and proceeds of that interest in property;
(7) “custodian” means a person designated under AS 13.46.080 or a successor or substitute custodian designated under AS 13.46.170;
(8) “financial institution” means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law;
(9) “legal representative” means an individual's personal representative or conservator;
(10) “member of the minor's family” means the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption;
(11) “minor” means an individual who has not attained the age of 18 years, except that, when used in reference to the beneficiary for whose benefit custodial property is held or to be held, “minor” means an individual who has not attained the age at which the custodian is required under AS 13.46.190, 13.46.195, and 13.46.197 to transfer the custodial property to the beneficiary;
(12) “personal representative” means an executor, administrator, successor personal representative, or special administrator of a decedent's estate or a person legally authorized to perform substantially the same functions;
(13) “state” includes a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States;
(14) “transfer” means a transaction that creates custodial property under AS 13.46.080;
(15) “transferor” means a person who makes a transfer under this chapter;
(16) “trust company” means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.

Structure Alaska Statutes

Alaska Statutes

Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions

Chapter 46. Alaska Uniform Transfers to Minors Act

Sec. 13.46.010. Scope and jurisdiction.

Sec. 13.46.020. Nomination of custodian.

Sec. 13.46.030. Transfer by gift or exercise of power of appointment.

Sec. 13.46.040. Transfer authorized by will or trust.

Sec. 13.46.050. Other transfer by fiduciary.

Sec. 13.46.060. Transfer by obligor.

Sec. 13.46.070. Receipt for custodial property.

Sec. 13.46.080. Manner of creating custodial property and effecting transfer; designation of initial custodian; control.

Sec. 13.46.085. Native corporations; custodians.

Sec. 13.46.090. Single custodianship.

Sec. 13.46.100. Validity and effect of transfer.

Sec. 13.46.110. Care of custodial property.

Sec. 13.46.120. Powers of custodian.

Sec. 13.46.130. Use of custodial property.

Sec. 13.46.140. Custodian's expenses, compensation, and bond.

Sec. 13.46.150. Exemption of third person from liability.

Sec. 13.46.160. Liability to third persons.

Sec. 13.46.170. Renunciation, resignation, death, or removal of custodian; designation of successor custodian.

Sec. 13.46.180. Accounting by and determination of liability of custodian.

Sec. 13.46.190. Termination of custodianship.

Sec. 13.46.195. Changing the time for transfer of custodial property.

Sec. 13.46.197. Extension of custodial term by custodian.

Sec. 13.46.200. Applicability.

Sec. 13.46.210. Effect on existing custodianships.

Sec. 13.46.220. Uniformity of application and construction.

Sec. 13.46.990. Definitions.

Sec. 13.46.999. Short title.