Sec. 13.36.155. - Permitted sales between trusts held by same corporate trustee. - Alaska Statutes

State Codes and Statutes

Statutes > Alaska > Title-13 > Chapter-13-36 > Article-03 > Sec-13-36-155

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

(2) obligations of the United States treasury and obligations of United States government agencies.

State Codes and Statutes

Statutes > Alaska > Title-13 > Chapter-13-36 > Article-03 > Sec-13-36-155

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

(2) obligations of the United States treasury and obligations of United States government agencies.

State Codes and Statutes

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State Codes and Statutes

Statutes > Alaska > Title-13 > Chapter-13-36 > Article-03 > Sec-13-36-155

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

(2) obligations of the United States treasury and obligations of United States government agencies.