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. 06.26.850. 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. 06.26.810. Fiduciary operations at a branch or trust office.
(a) An interstate state trust company, interstate national trust company, or international trust company may not act as a fiduciary in this state unless the trust company maintains a trust office in this state as permitted under AS 06.26.810 – 06.26.895. (b) If an interstate state trust company, interstate national trust company, or international trust […]
Sec. 06.26.820. Establishing or acquiring a trust office.
If an interstate state trust company, interstate national trust company, or international trust company that does not operate a trust office in this state meets the requirements of AS 06.26.810 – 06.26.895, the trust company may establish a new trust office in this state or acquire a trust office in this state that is in […]
Sec. 06.26.830. Requirement of notice.
To establish a new trust office or acquire a trust office that is in existence at the time of acquisition in this state under AS 06.26.810 – 06.26.895, an interstate state trust company, interstate national trust company, or international trust company shall provide, or cause its home jurisdiction regulator to provide, written notice of the […]
Sec. 06.26.840. Conditions for approval.
(a) An interstate state trust company or international trust company may not establish or acquire a trust office in this state under AS 06.26.810 – 06.26.895 unless (1) the trust company confirms in writing to the department that, while the trust company maintains a trust office in this state, the trust company will comply with […]