(a) The settlor of a trust affected by Alaska Stat. § 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,

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Terms Used In Alaska Statutes 13.36.192

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Trustee: A person or institution holding and administering property in trust.
  • writing: includes printing. See Alaska Statutes 01.10.060
(1) relieve the trustee from any or all of the duties, restrictions, and liabilities that would otherwise be imposed on the trustee by Alaska Stat. § 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 Alaska Stat. § 13.36.105 – 13.36.220; or
(3) add duties, restrictions, liabilities, privileges, or powers, to those imposed or granted by Alaska Stat. § 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 Alaska Stat. § 13.36.140, 13.36.145, or 13.36.150.
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