Alaska § 06.26.580 - Trust asset transactions involving certain securities, assets, or information.
Full text of Alaska Alaska Statutes § 06.26.580 — Trust asset transactions involving certain securities, assets, or information., with citation guidance and answers to common questions.
§ 06.26.580. Trust asset transactions involving certain securities, assets, or information.
(a) Except as provided in this chapter, or as authorized under the instrument creating the relationship, a trust company may not invest trust assets in the stock or obligations of, or use trust assets to acquire property from, the trust company or any of the trust company's officers, directors, or employees. A trust company may not sell trust assets to the trust company or to any of the trust company's directors, officers, or employees.
(b) A trust company may not use material inside information in connection with a decision or recommendation to purchase or sell a security that is a trust asset.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 06.26.580
What does Alaska Statutes § 06.26.580 cover?
Section 06.26.580 ("Trust asset transactions involving certain securities, assets, or information.") 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 § 06.26.580?
A common citation format is "Alaska Statutes § 06.26.580" (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 § 06.26.580 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.