(a) The provisions of AS 44.62.310 - 44.62.319 (Open Meetings Act) apply to a meeting related to the trust in which
(1) one or more of the state trustees and one or more of the federal trustees participate, except to the extent that applicable federal law conflicts with AS 44.62.310 or 44.62.312, in which case the applicable federal law governs; or
(2) two or more of the state trustees, but none of the federal trustees, participate.
(b) Notwithstanding (a) of this section, the provisions of AS 44.62.310 - 44.62.319 (Open Meetings Act) do not apply to a discussion between the trustees outside of a formal meeting about matters related to the trust if, during the discussion, no decision is made and none of the trustees agrees to vote in a particular way.
(c) The state trustees may discuss the establishment of an official common state position regarding the trust in executive session under AS 44.62.310(b) and (c)(1).
(d) For the purposes of this section,
(1) a person to whom a state trustee has delegated any of the trustee's authority related to the trust is considered a state trustee; and
(2) a person to whom a federal trustee has delegated any of the trustee's authority related to the trust is considered a federal trustee.
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