If the transaction is fair to both trusts and if the transaction is not prohibited by the instruments creating the trustee relationship, a corporate trustee may sell to itself as trustee of a trust the following held by the corporate trustee as trustee for another trust:

(1) stocks, bonds, and other securities listed on a securities exchange supervised by the United States Securities and Exchange Commission; and
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Terms Used In Alaska Statutes 13.36.155

  • Trustee: A person or institution holding and administering property in trust.
(2) obligations of the United States treasury and obligations of United States government agencies.
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