2007-04-05                     House Journal                      Page 0707
HB 197                                                                                                                        
The Judiciary Committee considered:                                                                                             
                                                                                                                                
     HOUSE BILL NO. 197                                                                                                         
     "An Act relating to the issuance of shares of professional                                                                 
     corporations to a trust, to trusts, to trustees, to the removal of a                                                       
     trustee, to the compensation of a trustee and a person employed by                                                         
     a trustee, to a trustee's accepting or rejecting a trusteeship, to co-                                                     
     trustees, to a vacancy in a trusteeship, to the resignation of a                                                           
     trustee, to delivery of trust property by former trustees, to the                                                          
     reimbursement of trustee expenses, to the certification of a trust,                                                        
     to the suitability of a trustee, to the place of administration of a                                                       
     trust, to a trustee's power to appoint property to another trust, to a                                                     
     change of the percentage of trust property to be considered                                                                
     principal, to the determination of the value of a trust, and to a                                                          
     settlor's intent when transferring property in trust; amending Rules                                                       
     54 and 82, Alaska Rules of Civil Procedure; and providing for an                                                           
     effective date."                                                                                                           
                                                                                                                                

2007-04-05                     House Journal                      Page 0708
The report was signed by Representative Ramras, Chair, with the                                                                 
following individual recommendations:                                                                                           
                                                                                                                                
Do pass (4):  Gruenberg, Lynn, Holmes, Ramras                                                                                   
                                                                                                                                
No recommendation (2):  Coghill, Samuels                                                                                        
                                                                                                                                
The following fiscal note(s) apply:                                                                                             
                                                                                                                                
1.  Zero, Dept. of Law                                                                                                          
                                                                                                                                
HB 197 was referred to the Finance Committee.