2007-05-02                     Senate Journal                      Page 1021
SB 146                                                                                                                        
The State Affairs Committee considered SENATE BILL NO. 146 "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" and recommended it be replaced with                                                            
                                                                                                                                
          CS FOR SENATE BILL NO. 146(STA)                                                                                       
                                                                                                                                
Signing do pass: Senator McGuire, Chair; Senator Green. Signing no                                                              
recommendation: Senators French, Stevens, Bunde.                                                                                
                                                                                                                                
The following fiscal information was published today:                                                                           
 Fiscal Note No. 1, zero, Department of Commerce, Community                                                                     
      and Economic Development                                                                                                  
                                                                                                                                
The bill was referred to the Judiciary Committee.