A trustee who believes that it is reasonable to waste trust funds on attorney's fees and costs instead of following clearly written state statutes should immediately become a former trustee.  The governor should demand that these people to resign and appoint new trustees who agree to follow state law.   It is one thing to SAY you could do better than the Alaska Permanent Fund staff at investing, it is a completely different thing for a board of trustees with no authority to TAKE trust cash assets and go about investing them in defiance of state law.