Alaska § 06.26.070 - Incorporation.
Full text of Alaska Alaska Statutes § 06.26.070 — Incorporation., with citation guidance and answers to common questions.
§ 06.26.070. Incorporation.
(a) A trust company shall be incorporated under AS 10.06 .
(b) In addition to the items required under AS 10.06.208 to be included in articles of incorporation, the articles of incorporation of a trust company must specify (1) the judicial district where the trust company will be located and the community where the trust company will locate its principal place of business;
(2) the amount of the trust company's stock, which must be divided into shares having a par value of not less than $1 each;
(3) that there will be at least five but not more than 25 directors;
(4) the period for which the trust company is organized, whether limited or perpetual;
(5) the name by which the trust company will be known, which must contain the words “trust company” as a part of the name; and
(6) a declaration that each incorporator will, if elected, accept the responsibilities and faithfully discharge the duties of a director.
Frequently Asked Questions About Alaska § 06.26.070
What does Alaska Statutes § 06.26.070 cover?
Section 06.26.070 ("Incorporation.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 06.26.070?
A common citation format is "Alaska Statutes § 06.26.070" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 06.26.070 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.