Alaska § 06.26.660 - Merger or consolidation.
Full text of Alaska Alaska Statutes § 06.26.660 — Merger or consolidation., with citation guidance and answers to common questions.
§ 06.26.660. Merger or consolidation.
(a) To merge or consolidate under AS 06.26.650 , the merging persons shall file with the department the original articles of merger or consolidation, a number of copies of the articles of merger or consolidation equal to the number of trust companies involved in the merger or consolidation, and an application in the form required by the department. The department may require the submission of additional information it considers necessary to make an informed decision.
(b) The department may approve a merger or a consolidation if (1) the surviving or new trust company will be solvent and have adequate capitalization for its operations and location;
(2) the surviving or new trust company has in all respects complied with the statutes and regulations governing the organization of a trust company in this state;
(3) all obligations and liabilities of each trust company that is a party to the merger or consolidation have been properly discharged or otherwise lawfully assumed or retained by a trust company or other fiduciary;
(4) a surviving or new trust company is not authorized to act as a fiduciary under this chapter, will not act as a fiduciary, and has otherwise complied with the laws of this state;
(5) the surviving or new trust company satisfies the provisions in AS 06.26.090 that the department determines apply to the trust company; and
(6) all conditions imposed by the department have been satisfied.
(c) If the department approves the merger or consolidation and finds that all investigative expenses incurred by the department and all required filing fees have been paid, the department shall issue a certificate of merger or consolidation.
Frequently Asked Questions About Alaska § 06.26.660
What does Alaska Statutes § 06.26.660 cover?
Section 06.26.660 ("Merger or consolidation.") 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 § 06.26.660?
A common citation format is "Alaska Statutes § 06.26.660" (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 § 06.26.660 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.