{"data":{"id":"us-ak/as-06.26.260","jurisdiction":"us-ak","citation":"AS 06.26.260","heading":"Pledge of assets.","body":"(a) A trust company may not pledge or create a lien on any of the assets belonging to the trust company except to secure\n(1) the repayment of money borrowed;\n(2) trust deposits as specifically authorized or required by AS 06.26.370 or by regulations adopted under this chapter; or\n(3) deposits made by the United States government, the state, or a municipality, or an agency of those governmental bodies.\n(b) An act, a deed, a conveyance, a pledge, or a contract that violates this section is void.","path":["Title 6. Banks and Financial Institutions.","Chapter 26. Revised Alaska Trust Company Act.","Article 5. Investments, Loans, and Deposits."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.26.260","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"fa6a5775afdc6d34f067aba7261877d770dca09a4deac1560f57f7202558c92f","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.26.250","next":"us-ak/as-06.26.370"},"notice":"GroundRules: Original legal text. Not legal advice."}