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. 06.26.660. Merger or consolidation.
(a) To merge or consolidate under AS 06.26.650, the merging persons shall file with the department the original articles of merger or consolidation, a number of copies of the articles of merger or consolidation equal to the number of trust companies involved in the merger or consolidation, and an application in the form required by […]
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. 06.26.670. Rights of dissenters.
In addition to the dissenter’s rights under AS 10.06 for a merger or consolidation, if a shareholder of a trust company objects to a conversion of the trust company, the dissenting shareholder’s rights shall be exercised under and governed by AS 10.06.574 – 10.06.582 as if the conversion were a merger.
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 […]