Sec. 06.26.030. Location of operation.

108 words·~1 min read·/ak/title-6/chapter-26/06-26-030

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A trust company may act as a fiduciary in this state, another state, or a foreign country, subject to complying with applicable laws of the state or foreign country, at an office or branch established and maintained under this chapter.

(b)A trust company may conduct any activities at an office outside this state that are permissible for a trust company chartered by the host state, except to the extent those activities are expressly prohibited by the laws of this state or by a regulation or order of the department applicable to the trust company.

Article 2. Name, Powers, Organization, and Capitalization.