(a) This chapter applies to a transfer or declaration creating a custodial trust that refers to this chapter if, at the time of the transfer or declaration, the transferor, beneficiary, or custodial trustee is a resident of or has its principal place of business in this state or custodial trust property is located in this state. The custodial trust remains subject to this chapter despite a later change in residence or principal place of business of the transferor, beneficiary, or custodial trustee, or removal of the custodial trust property from this state.
(b) A transfer made under an act of another state substantially similar to this chapter is governed by the law of that state and may be enforced in this state.
Structure Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 60. Uniform Custodial Trust Act
Sec. 13.60.010. Custodial trust.
Sec. 13.60.020. Custodial trustee for future payment or transfer.
Sec. 13.60.030. Form and effect of receipt and acceptance by custodial trustee; jurisdiction.
Sec. 13.60.050. Multiple beneficiaries; separate custodial trusts; survivorship.
Sec. 13.60.060. General duties of custodial trustee.
Sec. 13.60.070. General powers of custodial trustee.
Sec. 13.60.080. Use of custodial trust property.
Sec. 13.60.090. Determination of incapacity; effect.
Sec. 13.60.100. Exemption of third person from liability.
Sec. 13.60.110. Liability to third person.
Sec. 13.60.130. Expenses, compensation, and bond of custodial trustee.
Sec. 13.60.150. Limitations of action against custodial trustee.
Sec. 13.60.160. Distribution and termination.
Sec. 13.60.170. Methods and forms for creating custodial trusts.
Sec. 13.60.180. Applicable law.