{"data":{"id":"us-ak/as-06.26.080","jurisdiction":"us-ak","citation":"AS 06.26.080","heading":"Amendment of articles or bylaws.","body":"(a) A trust company may amend its articles of incorporation or bylaws in a manner consistent with its articles, its bylaws, AS 10.06, and this chapter by a vote of its shareholders representing at least a majority of the capital at a regular meeting or at a special meeting called for that purpose. The trust company shall file a written notice of an amendment with the department.\n(b) The department has 60 days from the date that the department receives a notice under (a) of this section to review the amendment, and the amendment becomes effective on the 61st day after the department receives the notice unless the department specifies a different date. The department may extend the 60-day period of review if the department determines that the notice raises significant issues that require additional information or if the department needs additional time for analysis. If the 60-day period of review is extended, the amendment becomes effective only when the department approves the amendment in writing.","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#06.26.080","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"2f6b5d1797ace3032a71bff93a884c8938b0cf1fe6f561a282f6bb1feed2d047","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.26.070","next":"us-ak/as-06.26.085"},"notice":"GroundRules: Original legal text. Not legal advice."}