Shareholders may not use cumulative voting in the election of directors unless cumulative voting is allowed by the trust company's articles of incorporation.
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 26. Revised Alaska Trust Company Act
Article 2. Name, Powers, Organization, and Capitalization.
Sec. 06.26.040. Name of trust company.
Sec. 06.26.050. Powers of trust company.
Sec. 06.26.070. Incorporation.
Sec. 06.26.080. Amendment of articles or bylaws.
Sec. 06.26.085. Certificate of authority required.
Sec. 06.26.090. Application for certificate of authority.
Sec. 06.26.100. Department notices regarding application.
Sec. 06.26.110. Issuance of certificate of authority; required operation.
Sec. 06.26.120. Required capital; change in outstanding capital and surplus.