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.
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 26. Revised Alaska Trust Company Act
Article 10. Dissolution and Liquidation.
Sec. 06.26.730. Voluntary liquidation.
Sec. 06.26.750. Authority to take possession.
Sec. 06.26.760. Department in possession.
Sec. 06.26.770. Reorganization.
Sec. 06.26.780. Involuntary liquidation powers.
Sec. 06.26.800. Federal Deposit Insurance Corporation as receiver or liquidator.