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 […]
Sec. 06.26.860. Additional trust offices.
If an interstate state trust company or international trust company maintains a trust office in this state under AS 06.26.810 – 06.26.895, the trust company may establish or acquire additional trust offices or representative offices in this state to the same extent and in the same manner that a trust company may establish or acquire […]
Sec. 06.26.870. Examinations; periodic reports; cooperative agreements; assessment of fees.
(a) When the department considers it necessary to protect the public interest, the department or a competent person designated by the department may examine an interstate state trust company or international trust company that has a trust office or a representative office in the state. The trust company shall pay a fee established under AS […]
Sec. 06.26.880. Enforcement.
(a) Consistent with AS 06.01.030 and regulations adopted by the department under AS 06.01.030 or this chapter, the department may determine that (1) an office maintained by an interstate state trust company or international trust company is being operated in violation of a provision of the laws of this state or in an unsafe and […]
Sec. 06.26.890. Notice of subsequent merger, consolidation, or closing.
If an interstate state trust company, interstate national trust company, or international trust company maintains a trust office or a representative office in this state under this chapter, the trust company shall give at least 60 days’ prior written notice, or, in the case of an emergency transaction, shorter notice that is consistent with applicable […]
Sec. 06.26.895. Definitions.
In AS 06.26.810 – 06.26.895, (1) “international trust company” means an international trust company whose home office is not located in this state; (2) “interstate national trust company” means an interstate national trust company whose home office is not located in this state; (3) “interstate state trust company” means an interstate state trust company whose […]
Sec. 06.26.900. Powers of department.
The department may (1) exercise general supervision over trust companies, interstate trust companies, and international trust companies, and the subsidiaries and affiliated corporations of trust companies, interstate state trust companies, and international trust companies; (2) in addition to other authority in this chapter to adopt regulations, adopt regulations necessary to interpret and implement this chapter, […]