2026-03-25                     Senate Journal                      Page 2048
SB 225                                                                                                                        
The Labor and Commerce Committee considered SENATE BILL                                                                         
NO. 225 "An Act relating to trusts; relating to trust proceedings;                                                              
relating to nonjudicial settlement agreements in trust matters; relating                                                        
to the powers of trustees; and providing for an effective date" and                                                             
recommended it be replaced with                                                                                                 
                                                                                                                                
          CS FOR SENATE BILL NO. 225(L&C) "An Act                                                                               
          relating to trusts; relating to nonjudicial settlement                                                                
          agreements in trust matters; relating to claims of a                                                                  
          beneficiary against a trustee; relating to the                                                                        
          modification and termination of irrevocable trusts;                                                                   
          and providing for an effective date."                                                                                 
                                                                                                                                
Signing do pass: Senator Bjorkman, Chair. Signing no                                                                            
recommendation: Senators Dunbar, Gray-Jackson, Yundt.                                                                           
                                                                                                                                
The following fiscal information was published today:                                                                           
     Fiscal Note No. 2, zero, Alaska Judiciary System                                                                           
                                                                                                                                
The following previously published fiscal information applies:                                                                  
     Fiscal Note No. 1, zero, Department of Commerce, Community,                                                                
      and Economic Development                                                                                                  
                                                                                                                                
The bill was referred to the Judiciary Committee.