{"data":{"id":"us-ak/as-06.26.070","jurisdiction":"us-ak","citation":"AS 06.26.070","heading":"Incorporation.","body":"(a) A trust company shall be incorporated under AS 10.06.\n(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\n(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;\n(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;\n(3) that there will be at least five but not more than 25 directors;\n(4) the period for which the trust company is organized, whether limited or perpetual;\n(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\n(6) a declaration that each incorporator will, if elected, accept the responsibilities and faithfully discharge the duties of a director.","path":["Title 6. Banks and Financial Institutions.","Chapter 26. Revised Alaska Trust Company Act.","Article 2. Name, Powers, Organization, and Capitalization."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.26.070","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"dd1983743622d04f91447819079687dd7dbadc5d6004b6880d731fca68e2f9d3","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.26.060","next":"us-ak/as-06.26.080"},"notice":"GroundRules: Original legal text. Not legal advice."}