2007-05-07                     Senate Journal                      Page 1086
HB 197                                                                                                                        
HOUSE BILL NO. 197 am BY THE HOUSE JUDICIARY                                                                                    
COMMITTEE, entitled:                                                                                                            
                                                                                                                                
          "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."                                                                                               
                                                                                                                                
was read the first time and referred to the Judiciary Committee.