Tag Archive: "Alaska"
Effective October 31, 2017, Alaska has enacted the Revised Uniform Fiduciary Access to Digital Assets Act as Title 13, Chapter 63 of the Alaska Statutes. The Act addresses four common types of fiduciaries: executors or administrators of estates, guardians or conservators, agents acting under a power of attorney, and trustees of a trust.
The legislature of the state of Alaska has recently updated its power of attorney provisions, including an important update to the statutory power of attorney form, with an effective date of January 1, 2017. The power of attorney provisions first outlines what constitutes acceptance by, and the liability of, an agent.
Effective as of January 1st, 2017, the Alaska legislature amended provisions regarding mortgage loan lenders’ and originators’ licensing requirements in addition to the inclusion of a “registered depository institution” in the Act. The following focuses on the inclusion of the latter entity throughout the amended provisions.