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Terms Used In Alaska Statutes 13.36.265

  • action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
  • Trustee: A person or institution holding and administering property in trust.

Compliance with the prudent investor rule is determined in light of the facts and circumstances existing at the time of a trustee‘s decision or action and not by hindsight.