Alaska § 06.26.260 - Pledge of assets.
Full text of Alaska Alaska Statutes § 06.26.260 — Pledge of assets., with citation guidance and answers to common questions.
§ 06.26.260. Pledge of assets.
(a) A trust company may not pledge or create a lien on any of the assets belonging to the trust company except to secure (1) the repayment of money borrowed;
(2) trust deposits as specifically authorized or required by AS 06.26.370 or by regulations adopted under this chapter; or
(3) deposits made by the United States government, the state, or a municipality, or an agency of those governmental bodies.
(b) An act, a deed, a conveyance, a pledge, or a contract that violates this section is void.
Article 6. Trust Assets.
Frequently Asked Questions About Alaska § 06.26.260
What does Alaska Statutes § 06.26.260 cover?
Section 06.26.260 ("Pledge of assets.") 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 § 06.26.260?
A common citation format is "Alaska Statutes § 06.26.260" (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 § 06.26.260 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.