Alaska Statutes Title 06, Chapter 06.26, Article 02 - Name, Powers, Organization, and Capitalization

• Sec. 06.26.040 Name of Trust Company.
  (a) A person may not use the words "trust" or "trust company" or any other words in a manner that could reasonably be expected...
• Sec. 06.26.050 Powers of Trust Company.
  (a) A trust company may perform any act as a fiduciary that a state financial institution, or a national bank exclusively exercising trust powers,...
• Sec. 06.26.060 Organizers.
  One or more persons may organize a trust company.
• Sec. 06.26.070 Incorporation.
  (a) A trust company shall be incorporated under AS 10.06.(b) In addition to the items required under AS 10.06.208 to be included in articles...
• Sec. 06.26.080 Amendment of Articles or Bylaws.
  (a) A trust company may amend its articles of incorporation or bylaws in a manner consistent with its articles, its bylaws, AS 10.06, and...
• Sec. 06.26.085 Certificate of Authority Required.
  A person may not act as a trust company until a certificate of authority is received from the department.
• Sec. 06.26.090 Application for Certificate of Authority.
  (a) An application for a certificate of authority shall be made in the form required by the department and must be supported by the...
• Sec. 06.26.100 Department Notices Regarding Application..
  (a) The department shall notify the organizers of a proposed trust company when the application under AS 06.26.090 is complete and accepted for filing...
• Sec. 06.26.110 Issuance of Certificate of Authority; Required Operation.
  (a) The department may not deliver a certificate of authority to a person to act as a trust company until the person has(1) received...
• Sec. 06.26.120 Required Capital; Change in Outstanding Capital and Surplus.
  (a) A trust company may not act as a fiduciary unless the trust company has paid-in capital in an amount acceptable to the department,...
• Sec. 06.26.130 Capital Notes or Debentures..
  (a) A trust company may, with the written consent of the department, and if authorized by its articles of incorporation or approved by persons...
• Sec. 06.26.140 Cumulative Voting.
  Shareholders may not use cumulative voting in the election of directors unless cumulative voting is allowed by the trust company's articles of incorporation.

Last modified: November 15, 2016