Alaska § 13.38.840 - Transfers from income to reimburse principal.
Full text of Alaska Alaska Statutes § 13.38.840 — Transfers from income to reimburse principal., with citation guidance and answers to common questions.
§ 13.38.840. Transfers from income to reimburse principal.
(a) A trustee may transfer an appropriate amount from income to principal in one or more accounting periods to reimburse principal or to provide a reserve for future disbursements if the trustee makes or expects to make a disbursement from principal that is allocable to income under AS 13.38.800 or 13.38.820 and that is paid from principal because it is unusually large, or is made to prepare property for rental, including tenant allowances, leasehold improvements, and broker's commissions.
(b) If the asset whose ownership gives rise to the disbursements becomes subject to a successive income interest after an income interest ends, a trustee may continue to transfer amounts from income to principal as provided in (a) of this section.
(c) This section does not apply to the extent the trustee has been or expects to be reimbursed by a third party.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 13.38.840
What does Alaska Statutes § 13.38.840 cover?
Section 13.38.840 ("Transfers from income to reimburse principal.") 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 § 13.38.840?
A common citation format is "Alaska Statutes § 13.38.840" (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 § 13.38.840 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.