04/12/2013 01:12 AM House FIN

CS FOR SENATE BILL NO. 65(JUD)                                                                                                
                                                                                                                                
     "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 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."                                                                                
                                                                                                                                
1:34:19 AM                                                                                                                    
                                                                                                                                
CHAD HUTCHISON, STAFF, SENATOR COGHILL, introduced himself.                                                                     
                                                                                                                                
ERNEST  PRAX,   STAFF,  REPRESENTATIVE   KELLER,  introduced                                                                    
himself.                                                                                                                        
                                                                                                                                
Representative  Costello   MOVED  CSSB   65  (JUD)   as  the                                                                    
committee's working  document. There being NO  OBJECTION, it                                                                    
was so ordered.                                                                                                                 
                                                                                                                                
Mr.  Hutchison  stated  that  the   senate  version  of  the                                                                    
legislation mirrored  the house  version. He  explained that                                                                    
changes  occurred  in  the   Senate  Judiciary  and  Finance                                                                    
committees.   He  explained   that   some  provisions   were                                                                    
eliminated including one related  to the procurement of life                                                                    
insurance  policies.  He  noted  that the  bill  passed  the                                                                    
Senate floor 18-0.                                                                                                              
                                                                                                                                
Representative  Gara   appreciated  information   about  the                                                                    
Senate vote, although it was technically improper.                                                                              
                                                                                                                                
Co-Chair Stoltze CLOSED public testimony.                                                                                       
                                                                                                                                
1:38:01 AM                                                                                                                    
                                                                                                                                
Representative  Costello   discussed  the   four  previously                                                                    
published  zero   fiscal  notes  from  Department   of  Law,                                                                    
Department   of  Revenue,   Department  of   Administration,                                                                    
Department of Commerce, Community and Economic Development.                                                                     
                                                                                                                                
1:39:26 AM                                                                                                                    
                                                                                                                                
Representative Costello  MOVED to  REPORT CSSB 65  (JUD) out                                                                    
of  committee   with  individual  recommendations   and  the                                                                    
accompanying fiscal notes. There  being NO OBJECTION, it was                                                                    
so ordered.                                                                                                                     
                                                                                                                                
CSSB  65 (JUD)  was REPORTED  out  of committee  with a  "no                                                                    
recommendation"  and  with  four previously  published  zero                                                                    
fiscal notes: FN1(LAW), FN2(REV), FN3(ADM) and FN5(CED).                                                                        
                                                                                                                                
1:40:29 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
1:41:55 AM                                                                                                                    
RECONVENED