03/06/1998 01:50 PM House FIN

HOUSE BILL NO. 321                                                             
                                                                               
"An Act relating to trusts, to the prudent investor                            
rule, and to standards of care applicable to personal                          
representatives, conservators, and trustees; and                               
providing for an effective date."                                              
                                                                               
REPRESENTATIVE JOE RYAN urged the Committee's support in                       
passage of HB 321.  The bill would implement the Alaska                        
Trust Act which was passed last year.                                          
                                                                               
Representative Foster MOVED to report HB 321 out of                            
Committee with the individual recommendations and with the                     
accompanying fiscal note.  There being NO OBJECTION, it was                    
so ordered.                                                                    
                                                                               
HB 321 was reported out of Committee with a "do pass"                          
recommendation and with a zero fiscal note by the                              
Department of Commerce and Economic Development dated                          
2/18/98.