Sec. 06.26.905. Cooperative agreements.
(a) The department may enter into cooperative, coordinating, or information-sharing agreements with other governmental regulators or with an organization affiliated with or representing governmental regulators to handle the periodic examination or other supervision of a trust office that is located in this state and owned by an interstate state trust company or of a trust […]
Sec. 06.26.910. Appeals.
(a) A person may appeal to the department (1) a denial of an application under AS 06.26.090(e); (2) an order under AS 06.26.120 to increase or adjust capital; (3) a denial under AS 06.26.150 of a change of the location of a home office under AS 06.26.150; (4) a denial under AS 06.26.160 of permission […]
Sec. 06.26.920. Civil enforcement.
The department may bring any appropriate civil court action against a person who the department determines has committed or is about to commit a violation of this chapter.
Sec. 06.26.930. Trust company reports to the department; publication of reports.
(a) A trust company shall make at least four reports of its condition each year to the department as required by and on forms prescribed by the department. Each report shall be signed by a duly authorized officer of the trust company verified by at least one independent director, and each verifying director shall certify […]
Sec. 06.26.940. Remedy of person damaged by violation.
In addition to any other remedies available under law to the person, a person who suffers damages as a result of a violation of this chapter by a person subject to this chapter may bring an action in court against the person violating this chapter to recover the damages. In this section, “person subject to […]
Sec. 06.26.950. Limitation on powers.
This chapter does not allow a trust company to engage in banking.
Sec. 06.26.960. Application of laws relating to general business corporations.
(a) Unless expressly authorized by this chapter, a trust company may not take an action that is authorized by AS 10.06 regarding its corporate status, capital structure, or a matter of corporate governance and for which AS 10.06 requires a filing with the department unless the trust company first makes the required filing with the […]
Sec. 06.26.990. Definitions.
(a) In this chapter, unless the context otherwise requires, (1) “banking” has the meaning given in AS 06.05.990; (2) “board” means board of directors; (3) “certificate of authority” means the certificate of authority issued to a corporation under AS 06.26.110; (4) “chapter” includes regulations adopted under this chapter; (5) “commissioner” means the commissioner of commerce, […]
Sec. 06.26.995. Short title.
This chapter may be cited as the Revised Alaska Trust Company Act.
Sec. 06.26.850. Representative office business; registration.
(a) An interstate state trust company, interstate national trust company, or international trust company may not provide fiduciary services, but may otherwise engage in trust business, at a representative office as permitted by AS 06.26.810 – 06.26.895. (b) Subject to the requirements contained in AS 06.26.810 – 06.26.895, an interstate state trust company, interstate national […]