(a) A director, an officer, an employee, or a shareholder of a trust company may not
(1) conceal information or a fact, or remove, destroy, or conceal a book or record of the trust company, for the purpose of concealing information or a fact from the department or an agent of the department; or
(2) for the purpose of concealing, remove or destroy a book or record of the trust company that is material to a pending or anticipated court or administrative proceeding.
(b) A director, an officer, or an employee of a trust company may not make a false entry in the records, a report, or a statement of the trust company.
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 26. Revised Alaska Trust Company Act
Sec. 06.26.500. Voting securities held as trust assets.
Sec. 06.26.510. Board of directors.
Sec. 06.26.520. Board meetings and review of reports.
Sec. 06.26.540. Prohibition of certain action by officer or employee.
Sec. 06.26.550. Trust committee.
Sec. 06.26.560. Prohibited acts.
Sec. 06.26.570. Transactions with management and affiliates.
Sec. 06.26.580. Trust asset transactions involving certain securities, assets, or information.
Sec. 06.26.585. Policies and procedures.
Sec. 06.26.590. Fiduciary responsibility.
Sec. 06.26.600. Trust account record keeping.
Sec. 06.26.610. Customer records confidential.