Alaska Statutes Title 06, Chapter 06.26, Article 10 - Dissolution and Liquidation

• Sec. 06.26.730 Voluntary Liquidation.
  (a) Without department approval, a trust company may not cease acting as a fiduciary in this state and voluntarily surrender its certificate of authority...
• Sec. 06.26.740 Revocation.
  (a) If the department determines that any of the following factors exist, the department may revoke, consistent with AS 06.01.030 and regulations adopted by...
• Sec. 06.26.750 Authority to Take Possession.
  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...
• Sec. 06.26.760 Department in Possession..
  (a) When the department has taken possession of a trust company, it is vested with the full and exclusive power of management and control,...
• Sec. 06.26.770 Reorganization.
  (a) If the department decides to reorganize a trust company, the department, after providing an opportunity for a hearing to all interested parties, shall...
• Sec. 06.26.780 Involuntary Liquidation Powers.
  (a) When liquidating a trust company, the department may exercise any power incidental to liquidating a trust company, but it may not, without the...
• Sec. 06.26.790 Claims.
  (a) As soon as practical after beginning the liquidation of a trust company, the department shall(1) mail a notice of the liquidation proceedings to...
• Sec. 06.26.800 Federal Deposit Insurance Corporation As Receiver or Liquidator.
  The department may appoint the Federal Deposit Insurance Corporation or its successor as receiver for a trust company that the department has taken possession...

Last modified: November 15, 2016