reglab/housing_qa huggingface dataset:
AK Stat § 13.46.085 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.085. Native corporations; custodians.

(a) The stock or membership in a corporation organized under the law of this state under 43 U.S.C. 1601 et seq. (Alaska Native Claims Settlement Act) that a minor is entitled to receive under that Act shall be held by a custodian. (b) A person making a transfer of stock, whether by gift, devise, or other method, may nominate a custodian. In the absence of a nomination, the custodian shall be determined under the order of priority set out below. The appointment becomes effective upon the corporation's receipt of the custodian's written consent to the appointment. The order of priority is: (1) the legal guardian, if any, of the minor; (2) a parent, if any, of the minor, as selected by the parents; (3) an adult member of the minor's family; in this paragraph, “member of the minor's family” has the meaning given in AS 13.46.990, and also includes members of a family with whom the minor has customarily lived. (c) For good cause, a district court or the superior court may vary the order of priority set out in (b) of this section or appoint another suitable person as custodian. (d) The custodianship is governed by this chapter, as modified by the following: (1) [Repealed, § 12 ch 60 SLA 1992.] (2) under AS 13.46.150, a third person is responsible for determining whether stock is inalienable under the Act; (3) the custodian shall give an appropriate receipt for property received for the minor; (4) the custodian may not alienate inalienable property except within the limits provided by law; (5) the form of registration or title shall be “as custodian for _____________________________________ (name of minor) under the Alaska Native Claims Settlement Act”; (6) a custodian may not receive compensation except, upon application to and approval by the superior court, for unusual and extraordinary services; (7) custodial property includes securities, money, and other real and personal property under supervision as a consequence of the Act. (e) Notwithstanding AS 13.46.190, the stock shall be transferred to the minor when the minor reaches 18 years of age, or to the minor's heirs if the minor dies before reaching 18 years of age. (f) In this section, (1) “Act” means 43 U.S.C. 1601 et seq. (Alaska Native Claims Settlement Act); (2) “minor” means an individual who is less than 18 years of age; (3) “stock” means the stock or membership in a corporation that is organized under the law of this state under the Act and that a minor is entitled to receive under the Act, whether by gift, devise, or other method; “stock” includes inchoate rights to stock.
AK Stat § 13.46.090 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.090. Single custodianship.

A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this chapter by the same custodian for the benefit of the same minor constitutes a single custodianship.
AK Stat § 13.46.100 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.100. Validity and effect of transfer.

(a) The validity of a transfer made in a manner prescribed in this chapter is not affected by (1) failure of the transferor to comply with AS 13.46.080(c) concerning possession and control; (2) designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian under AS 13.46.080(a); or (3) death or incapacity of a person nominated under AS 13.46.020 or designated under AS 13.46.080 as custodian or the disclaimer of the office by that person. (b) A transfer made under AS 13.46.080 is irrevocable, and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties, and authority provided in this chapter, and neither the minor nor the minor's legal representative has any right, power, duty, or authority with respect to the custodial property except as provided in this chapter. (c) By making a transfer, the transferor incorporates in the disposition all the provisions of this chapter and grants to the custodian, and to a third person dealing with a person designated as custodian, the respective powers, rights, and immunities provided in this chapter.
AK Stat § 13.46.110 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.110. Care of custodial property.

(a) A custodian shall (1) take control of custodial property; (2) register or record title to custodial property if appropriate; and (3) collect, hold, manage, invest, and reinvest custodial property. (b) In dealing with custodial property, a custodian shall observe the standard of care that would be observed by a prudent person dealing with property of another and is not limited by any other statute, except AS 13.90.010, restricting investments by fiduciaries. If a custodian has a special skill or expertise or is named custodian on the basis of representations of a special skill or expertise, the custodian shall use that skill or expertise. However, a custodian, in the custodian's discretion and without liability to the minor or the minor's estate, may retain custodial property received from a transferor. (c) A custodian may invest in or pay premiums on life insurance or endowment policies on (1) the life of the minor only if the minor or the minor's estate is the sole beneficiary; or (2) the life of another person in whom the minor has an insurable interest only to the extent that the minor, the minor's estate, or the custodian in the capacity of custodian, is the irrevocable beneficiary. (d) A custodian at all times shall keep custodial property separate and distinct from all other property in a manner sufficient to identify it clearly as custodial property of the minor. Custodial property consisting of an undivided interest is so identified if the minor's interest is held as a tenant in common and is fixed. Custodial property subject to recordation is so identified if it is recorded, and custodial property subject to registration is so identified if it is either registered, or held in an account designated, in the name of the custodian, followed in substance by the words: “as a custodian for _____________________________________ (name of minor) under the Alaska Uniform Transfers to Minors Act.” (e) A custodian shall keep records of all transactions with respect to custodial property, including information necessary for the preparation of the minor's tax returns, and shall make them available for inspection at reasonable intervals by a parent or legal representative of the minor or by the minor if the minor has attained the age of 14 years.
AK Stat § 13.46.120 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.120. Powers of custodian.

(a) A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their own property, but a custodian may exercise those rights, powers, and authority in that capacity only. (b) This section does not relieve a custodian from liability for breach of AS 13.46.110.
AK Stat § 13.46.130 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.130. Use of custodial property.

(a) A custodian may deliver or pay to the minor or expend for the minor's benefit as much of the custodial property as the custodian considers advisable for the use and benefit of the minor, without court order and without regard to (1) the duty or ability of the custodian personally or of another person to support the minor; or (2) other income or property of the minor that may be applicable or available for that purpose. (b) On petition of an interested person or the minor if the minor has attained the age of 14 years, the court may order the custodian to deliver or pay to the minor or expend for the minor's benefit as much of the custodial property as the court considers advisable for the use and benefit of the minor. (c) A delivery, payment, or expenditure under this section is in addition to, not in substitution for, and does not affect an obligation of a person to support the minor.
AK Stat § 13.46.140 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.140. Custodian's expenses, compensation, and bond.

(a) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties. (b) Except for one who is a transferor under AS 13.46.030, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year. (c) Except as provided in AS 13.46.170(f), a custodian is not required to give a bond.
AK Stat § 13.46.150 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.150. Exemption of third person from liability.

A third person in good faith and without court order may act on the instructions of or otherwise deal with a person purporting to make a transfer or purporting to act in the capacity of a custodian and, in the absence of knowledge, is not responsible for determining (1) the validity of the purported custodian's designation; (2) the propriety of, or the authority under this chapter for, an act of the purported custodian; (3) the validity or propriety under this chapter of an instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or (4) the propriety of the application of property of the minor delivered to the purported custodian.
AK Stat § 13.46.160 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.160. Liability to third persons.

(a) A claim based on (1) a contract entered into by a custodian acting in a custodial capacity, (2) an obligation arising from the ownership or control of custodial property, or (3) a tort committed during the custodianship, may be asserted against the custodial property by proceeding against the custodian in the custodial capacity, whether or not the custodian or the minor is personally liable. (b) A custodian is not personally liable (1) on a contract properly entered into in the custodial capacity unless the custodian fails to reveal that capacity and to identify the custodianship in the contract; or (2) for an obligation arising from control of custodial property or for a tort committed during the custodianship unless the custodian is personally at fault. (c) A minor is not personally liable for an obligation arising from ownership of custodial property or for a tort committed during the custodianship unless the minor is personally at fault.
AK Stat § 13.46.180 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.180. Accounting by and determination of liability of custodian.

(a) A minor who has attained the age of 14 years, the minor's guardian of the person or legal representative, an adult member of the minor's family, a transferor, or a transferor's legal representative may petition the court for (1) an accounting by the custodian or the custodian's legal representative; or (2) a determination of responsibility, as between the custodial property and the custodian personally, for claims against the custodial property unless the responsibility has been adjudicated in an action under AS 13.46.160 to which the minor or the minor's legal representative was a party. (b) A successor custodian may petition the court for an accounting by the predecessor custodian. (c) The court, in a proceeding under this chapter or in another proceeding, may require or permit the custodian or the custodian's legal representative to account. (d) If a custodian is removed under AS 13.46.170(f), the court shall require an accounting and order delivery of the custodial property and records to the successor custodian and the execution of all instruments required for transfer of the custodial property.
AK Stat § 13.46.190 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.190. Termination of custodianship.

The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of the (1) minor's attainment of 21 years of age with respect to property transferred under AS 13.46.030 or 13.46.040 unless the time of transfer of the custodial property to the minor is changed under AS 13.46.195 or 13.46.197; (2) minor's attainment of 18 years of age with respect to property transferred under AS 13.46.050 or 13.46.060, unless the time of transfer of the custodial property to the minor is changed under AS 13.46.197; (3) time specified in the transfer under AS 13.46.080 if the time of transfer of the custodial property to the minor is changed under AS 13.46.195 or 13.46.197; or (4) minor's death.
AK Stat § 13.46.197 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.197. Extension of custodial term by custodian.

(a) A custodian may extend the custodial term under this section to an age older than the age that is specified by this chapter or a transferring document made under AS 13.46.080, subject to the right of the minor to compel immediate distribution under (c) of this section. (b) To extend the custodial term under (a) of this section, the custodian shall give the minor written notice of the custodian's intent to extend the custodial term. The notice must specify the duration of the extension by indicating the new custodial term and must inform the minor of the minor's right to compel immediate distribution under (c) of this section. The custodian shall give the notice during the later of the following periods: (1) the six-month period that precedes the last day of the custodial term; or (2) the six-month period that begins on the minor's 18th birthday. (c) Rather than permit the extension of the custodial term, the minor may compel immediate distribution of all or part of the custodial property by giving written notice to the custodian (1) during the six-month period that begins on the day that is the last day of the current custodial term; or (2) within 90 days after receiving the custodian's notice under (b) of this section. (d) If a minor does not exercise the minor's right to compel distribution under (c) of this section, the custodial term shall be extended as indicated in the custodian's notice given under (b) of this section, and the minor may not compel the immediate distribution of custodial property before the end of the custodial term, as extended. (e) A custodian may extend the custodial term more than once under this section. (f) In this section, “custodial term” means the time provided in or allowed by this chapter during which the custodian is directed to hold custodial property until the property is transferred to the minor.
AK Stat § 13.46.200 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.200. Applicability.

This chapter applies to a transfer within the scope of AS 13.46.010 made after December 31, 1990, if the (1) transfer purports to have been made under the Alaska Uniform Gifts to Minors Act; or (2) instrument by which the transfer purports to have been made uses in substance the designation “as custodian under the Uniform Gifts to Minors Act” or “as custodian under the Uniform Transfers to Minors Act” of another state, and the application of this chapter is necessary to validate the transfer.
AK Stat § 13.46.210 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.210. Effect on existing custodianships.

(a) A transfer of custodial property as defined in this chapter made before January 1, 1991, is validated notwithstanding that there was not specific authority in the Alaska Uniform Gifts to Minors Act for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was made. (b) This chapter applies to all transfers that were made before January 1, 1991, and that were made in a manner and form prescribed in the Alaska Uniform Gifts to Minors Act, except insofar as the application impairs constitutionally vested rights or extends the duration of custodianships in existence on January 1, 1991. (c) AS 13.46.190, 13.46.195, and 13.46.990, with respect to the age of a minor for whom custodial property is held under this chapter, do not apply to custodial property held in a custodianship that terminated because of the minor's attainment of the age of (1) 19 after June 12, 1967, and before September 17, 1980; or (2) 18 after September 16, 1980, and before January 1, 1991. (d) To the extent that this chapter, by virtue of (b) of this section, does not apply to transfers made in a manner prescribed under former AS 45.60 (Alaska Uniform Gifts to Minors Act) or to the powers, duties, and immunities conferred by transfers in that manner upon custodians and persons dealing with custodians, the repeal of AS 45.60 (Alaska Uniform Gifts to Minors Act) does not affect those transfers or those powers, duties, and immunities.
AK Stat § 13.46.220 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.220. Uniformity of application and construction.

This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it.
AK Stat § 13.46.990 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.990. Definitions.

In this chapter, (1) “adult” means an individual who has attained the age of 18 years; (2) “benefit plan” means an employer's plan for the benefit of an employee or partner; (3) “broker” means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person's own account or for the account of others; (4) “conservator” means a person appointed or qualified by a court to act as general, limited, or temporary guardian of a minor's property or a person legally authorized to perform substantially the same functions; (5) “court” means the superior court; (6) “custodial property” means (A) an interest in property transferred to a custodian under this chapter; and (B) the income from and proceeds of that interest in property; (7) “custodian” means a person designated under AS 13.46.080 or a successor or substitute custodian designated under AS 13.46.170; (8) “financial institution” means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law; (9) “legal representative” means an individual's personal representative or conservator; (10) “member of the minor's family” means the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption; (11) “minor” means an individual who has not attained the age of 18 years, except that, when used in reference to the beneficiary for whose benefit custodial property is held or to be held, “minor” means an individual who has not attained the age at which the custodian is required under AS 13.46.190, 13.46.195, and 13.46.197 to transfer the custodial property to the beneficiary; (12) “personal representative” means an executor, administrator, successor personal representative, or special administrator of a decedent's estate or a person legally authorized to perform substantially the same functions; (13) “state” includes a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States; (14) “transfer” means a transaction that creates custodial property under AS 13.46.080; (15) “transferor” means a person who makes a transfer under this chapter; (16) “trust company” means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.
AK Stat § 13.46.999 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 46. Alaska Uniform Transfers to Minors Act|Sec. 13.46.999. Short title.

This chapter may be cited as the Alaska Uniform Transfers to Minors Act.
AK Stat § 13.48.010 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 48. Uniform Real Property Transfer on Death Act|Sec. 13.48.010. Transfer on death deed authorized.

An individual may transfer property to one or more beneficiaries effective at the transferor's death by a transfer on death deed.
AK Stat § 13.48.020 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 48. Uniform Real Property Transfer on Death Act|Sec. 13.48.020. Transfer on death deed revocable.

A transfer on death deed is revocable even if the deed or another instrument contains a contrary provision.
AK Stat § 13.48.030 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 48. Uniform Real Property Transfer on Death Act|Sec. 13.48.030. Transfer on death deed nontestamentary.

A transfer on death deed is nontestamentary.
AK Stat § 13.48.040 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 48. Uniform Real Property Transfer on Death Act|Sec. 13.48.040. Capacity of transferor.

The capacity required to make or revoke a transfer on death deed is the same as the capacity required to make a will.
AK Stat § 13.48.045 (2021)
2021 Alaska Statutes|Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions|Chapter 48. Uniform Real Property Transfer on Death Act|Sec. 13.48.045. When certain deeds void; challenges to deed.

(a) A transfer on death deed or an instrument revoking a transfer on death deed is void if it is obtained by fraud, duress, or undue influence. (b) A proceeding must be commenced within 12 months after the transferor's death to (1) contest the capacity of the transferor; or (2) determine whether a transfer on death deed or an instrument revoking a transfer on death deed is void because it was obtained by fraud, duress, or undue influence.