If the department revokes a trust company's certificate of authority under AS 06.26.740 (a), the department may take possession of the trust company's fiduciary operations in this state and may appoint a receiver for the liquidation of the trust company's fiduciary operations in this state. If the trust company has its principal place of business in this state, the department may take possession of, and appoint a receiver for the liquidation of all the trust company's fiduciary operations wherever they are conducted.
Section: Previous 06.26.730 06.26.740 06.26.750 06.26.760 06.26.770 06.26.780 06.26.790 06.26.800 NextLast modified: November 15, 2016