Alaska § 13.38.700 - Liquidating assets.
Full text of Alaska Alaska Statutes § 13.38.700 — Liquidating assets., with citation guidance and answers to common questions.
§ 13.38.700. Liquidating assets.
(a) A trustee shall allocate 10 percent of the receipts from a liquidating asset to income and the balance to principal.
(b) In this section, “liquidating asset” (1) means (A) an asset the value of which will diminish or terminate because the asset is expected to produce receipts for a period of limited duration; or
(B) a leasehold, patent, copyright, royalty right, and right to receive payments during a period of more than one year under an arrangement that does not provide for the payment of interest on the unpaid balance;
(2) does not include (A) an obligation subject to AS 13.38.670 ;
(B) a payment subject to AS 13.38.690 ;
(C) resources subject to AS 13.38.710 ;
(D) timber subject to AS 13.38.720 ;
(E) an activity subject to AS 13.38.740 ;
(F) an asset subject to AS 13.38.750 ; or
(G) an asset for which the trustee establishes a reserve for depreciation under AS 13.38.830 .
Frequently Asked Questions About Alaska § 13.38.700
What does Alaska Statutes § 13.38.700 cover?
Section 13.38.700 ("Liquidating assets.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 13.38.700?
A common citation format is "Alaska Statutes § 13.38.700" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 13.38.700 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.