2007-05-02                     House Journal                      Page 1033
HB 197                                                                                                                        
The Labor & Commerce 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."                                                                                                            
                                                                                                                                
The report was signed by Representative Olson, Chair, with the                                                                  
following individual recommendations:                                                                                           
                                                                                                                                
Do pass (3): Gardner, Ramras, Olson                                                                                             
                                                                                                                                
No recommendation (3):  LeDoux, Neuman, Gatto                                                                                   
                                                                                                                                
The following fiscal note(s) apply:                                                                                             
                                                                                                                                
1.  Zero, Dept. of Law                                                                                                          
2.  Zero, Dept. of Commerce, Community, & Economic Development                                                                  
                                                                                                                                

2007-05-02                     House Journal                      Page 1034
HB 197 was referred to the Rules Committee for placement on the                                                                 
calendar.