Alaska Stat. § 06.26.010
This is the official text of Alaska Stat. § 06.26.010, part of Alaska’s Stat — part of the compiled statutory law of Alaska, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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Persons authorized to act as fiduciaries.
Official statutory text
(a) Notwithstanding other provisions of law and except as provided in AS 06.26.020 , a person may not act as a fiduciary in this state unless the person is (1) a trust company organized under this chapter;
(2) a private trust company that has received an exemption under AS 06.26.200 ;
(3) a state financial institution;
(4) a national bank having its principal office in this state and authorized by the United States Comptroller of the Currency to act as a fiduciary;
(5) a federally chartered savings association having its principal office in this state and authorized by its federal chartering authority to act as a fiduciary;
(6) an international bank that has a branch bank in this state established or maintained under AS 06.05.550 ; in this paragraph, international bank has the meaning given in AS 06.05.990 ;
(7) an interstate national bank with a branch bank in this state established or maintained under AS 06.05.550 ; in this paragraph, interstate national bank means a national bank whose principal office, as designated in the bank's articles of incorporation, is not located in this state;
(8) an entity that (A) is organized under the laws of a state of the United States other than this state;
(B) holds a charter, license, certificate, or other type of authorization from this or another state of the United States to engage in banking; and
(C) has a branch bank located in this state established or maintained under AS 06.05.550 ;
(9) an interstate state trust company or international trust company with a trust office authorized by the department under AS 06.26.810 06.26.895;
(10) a trustee of only charitable trusts, does not offer fiduciary services to the general public with regard to noncharitable trusts, and observes the requirements applicable to trustees under AS 13.36.225 13.36.290 (Alaska Uniform Prudent Investor Act); or
(11) a federally chartered credit union having its principal office in this state and authorized by the National Credit Union Administration to act as a fiduciary.
(b) In this section, branch bank has the meaning given in AS 06.05.990 .
(2) a private trust company that has received an exemption under AS 06.26.200 ;
(3) a state financial institution;
(4) a national bank having its principal office in this state and authorized by the United States Comptroller of the Currency to act as a fiduciary;
(5) a federally chartered savings association having its principal office in this state and authorized by its federal chartering authority to act as a fiduciary;
(6) an international bank that has a branch bank in this state established or maintained under AS 06.05.550 ; in this paragraph, international bank has the meaning given in AS 06.05.990 ;
(7) an interstate national bank with a branch bank in this state established or maintained under AS 06.05.550 ; in this paragraph, interstate national bank means a national bank whose principal office, as designated in the bank's articles of incorporation, is not located in this state;
(8) an entity that (A) is organized under the laws of a state of the United States other than this state;
(B) holds a charter, license, certificate, or other type of authorization from this or another state of the United States to engage in banking; and
(C) has a branch bank located in this state established or maintained under AS 06.05.550 ;
(9) an interstate state trust company or international trust company with a trust office authorized by the department under AS 06.26.810 06.26.895;
(10) a trustee of only charitable trusts, does not offer fiduciary services to the general public with regard to noncharitable trusts, and observes the requirements applicable to trustees under AS 13.36.225 13.36.290 (Alaska Uniform Prudent Investor Act); or
(11) a federally chartered credit union having its principal office in this state and authorized by the National Credit Union Administration to act as a fiduciary.
(b) In this section, branch bank has the meaning given in AS 06.05.990 .
Status: in_force · Read it on the official government site
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