Section 06.26.750. Authority to take possession.

Latest version.

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.

Authorities

6.26.730

Notes

References

AS 6.26.730 .730">Sec. 06.26.730. Voluntary liquidation.

History

(Sec. 2 ch 77 SLA 2002)

                    
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