Alaska Statutes (Last Updated: January 11, 2017) |
Title 06. BANKS AND FINANCIAL INSTITUTIONS. |
Chapter 06.26. REVISED ALASKA TRUST COMPANY ACT. |
Article 06.26.08. GOVERNANCE. |
Section 06.26.540. Prohibition of certain action by officer or employee.
Latest version.
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Unless expressly authorized by a resolution of the board recorded in the minutes of the board, an officer or employee may not create or dispose of a trust company asset or create or incur a liability on behalf of the trust company.
Notes
History
(Sec. 2 ch 77 SLA 2002)