Alaska § 06.26.110 - Issuance of certificate of authority; required operation.
Full text of Alaska Alaska Statutes § 06.26.110 — Issuance of certificate of authority; required operation., with citation guidance and answers to common questions.
§ 06.26.110. Issuance of certificate of authority; required operation.
(a) The department may not deliver a certificate of authority to a person to act as a trust company until the person has (1) received cash or marketable securities in at least the full amount of the capital required under AS 06.26.120 from subscriptions for the issuance of shares;
(2) elected or qualified the initial officers and directors named in the application for the certificate of authority or other officers and directors approved by the department; and
(3) complied with all other requirements of this chapter related to the organization of a trust company.
(b) A person who receives a certificate of authority, including a certificate of authority with conditions, shall open a home office and begin providing fiduciary services within six months after the date that the person receives the certificate of authority or by the end of any extension of the six-month period allowed by the department. If the person does not open the home office or begin providing fiduciary services within the six months or by the end of any extension, the department shall revoke the certificate of authority.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 06.26.110
What does Alaska Statutes § 06.26.110 cover?
Section 06.26.110 ("Issuance of certificate of authority; required operation.") 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 § 06.26.110?
A common citation format is "Alaska Statutes § 06.26.110" (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 § 06.26.110 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.