2013-03-28                     House Journal                      Page 0691
HB 102                                                                                                                        
The Judiciary Committee considered:                                                                                             
                                                                                                                                
    HOUSE BILL NO. 102                                                                                                          
    "An Act relating to property exemptions for retirement plans,                                                               
    individual retirement accounts, and Roth IRAs; relating to                                                                  
    transfers of individual retirement plans; relating to the rights of                                                         
    judgment creditors of members of limited liability companies and                                                            
    partners of limited liability partnerships; relating to the Uniform                                                         
    Probate Code, including pleadings, orders, liability, and notices                                                           
    under the Uniform Probate Code and the Alaska Principal and                                                                 
    Income Act, the appointment of trust property, the Alaska                                                                   
    Uniform Prudent Investor Act, co-trustees, trust protectors, and                                                            
    trust advisors; relating to the Alaska Principal and Income Act;                                                            
    relating to the Alaska Uniform Transfers to Minors Act; relating                                                            
    to the disposition of human remains; relating to the tax on insurers                                                        
    for life insurance policies; relating to insurable interests for certain                                                    
    insurance policies; relating to restrictions on transfers of trust                                                          
    interests; relating to discretionary interests in irrevocable trusts;                                                       
    relating to the community property of married persons; and                                                                  
    amending Rule 64, Alaska Rules of Civil Procedure, and Rule                                                                 
    301(a), Alaska Rules of Evidence."                                                                                          
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 102(L&C)                                                                                              
    "An Act relating to property exemptions for retirement plans,                                                               
    individual retirement accounts, and Roth IRAs; relating to                                                                  

2013-03-28                     House Journal                      Page 0692
    transfers of individual retirement plans; relating to the rights of                                                         
    judgment creditors of members of limited liability companies and                                                            
    partners of limited liability partnerships; relating to the Uniform                                                         
    Probate Code, including pleadings, orders, liability, and notices                                                           
    under the Uniform Probate Code and the Alaska Principal and                                                                 
    Income Act, the appointment of trust property, the Alaska                                                                   
    Uniform Prudent Investor Act, co-trustees, trust protectors, and                                                            
    trust advisors; relating to the Alaska Principal and Income Act;                                                            
    relating to the Alaska Uniform Transfers to Minors Act; relating                                                            
    to the disposition of human remains; relating to the tax on insurers                                                        
    for life insurance policies; relating to insurable interests for certain                                                    
    insurance policies; relating to restrictions on transfers of trust                                                          
    interests; relating to discretionary interests in irrevocable trusts;                                                       
    relating to the community property of married persons; amending                                                             
    Rule 64, Alaska Rules of Civil Procedure, and Rule 301(a),                                                                  
    Alaska Rules of Evidence; and providing for an effective date."                                                            
                                                                                                                                
The report was signed by Representative Keller, Chair, with the                                                                 
following individual recommendations:                                                                                           
                                                                                                                                
Do pass (6):  Millett, Gruenberg, Pruitt, Lynn, LeDoux, Keller                                                                  
                                                                                                                                
The following fiscal note(s) apply to CSHB 102(L&C):                                                                            
                                                                                                                                
1. Zero, Dept. of Administration                                                                                                
2. Zero, Dept. of Law                                                                                                           
3. Zero, Dept. of Revenue                                                                                                       
4. Indeterminate, Dept. of Commerce, Community, & Economic                                                                      
Development                                                                                                                     
                                                                                                                                
HB 102 was referred to the Rules Committee for placement on the                                                                 
calendar.