SB 101-ENTITY TRANSACTIONS ACT                                                                             
                                                                                                                                
1:35:14 PM                                                                                                                    
CHAIR FRENCH announced the consideration of SB 101.                                                                             
                                                                                                                                
SENATOR COGHILL said his staff  found a reference in the repealer                                                               
section that appeared to be  incorrect; AS 10.26.670 should be AS                                                               
10.06.670.                                                                                                                      
                                                                                                                                
CHAIR  FRENCH  asked  if  the  error  is  confined  to  just  the                                                               
sectional analysis.                                                                                                             
                                                                                                                                
SENATOR  COGHILL answered  no;  he  believes it  is  in the  bill                                                               
itself.                                                                                                                         
                                                                                                                                
1:38:14 PM                                                                                                                    
SENATOR  PASKVAN  said  Sec. 06.26.670  deals  with  the  revised                                                               
Alaska Trust Company  Act. This is a portion of  the statute that                                                               
would  impact  trust  law.  Sec. 26.06  deals  with  the  organic                                                               
change. He  explained that  it's necessary to  look at  more than                                                               
just the corporate section.                                                                                                     
                                                                                                                                
SENATOR COGHILL asked if 10.26.670 is in statute.                                                                               
                                                                                                                                
1:39:47 PM                                                                                                                    
JEFF STEPP, staff  to Senator Paskvan, confirmed that  there is a                                                               
mistake in the sectional analysis,  but it's correct in the bill.                                                               
He  added that  the sectional  has  been corrected  for the  next                                                               
committee of referral.                                                                                                          
                                                                                                                                
CHAIR FRENCH expressed  satisfaction with the bill  and asked for                                                               
a motion.                                                                                                                       
                                                                                                                                
1:41:08 PM                                                                                                                    
SENATOR WIELECHOWSKI  moved to report  SB 101 from  the committee                                                               
with  individual  recommendations  and attached  fiscal  note(s).                                                               
There being no objection, SB  101 moved from the Senate Judiciary                                                               
Standing Committee.