Sec. 06.26.580. Trust asset transactions involving certain securities, assets, or information.
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/ak/title-6/chapter-26/06-26-580·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 06.26.580. Trust asset transactions involving certain securities, assets, or information.
(a)Except as provided in this chapter, or as authorized under the instrument creating the relationship, a trust company may not invest trust assets in the stock or obligations of, or use trust assets to acquire property from, the trust company or any of the trust company's officers, directors, or employees. A trust company may not sell trust assets to the trust company or to any of the trust company's directors, officers, or employees.
(b)A trust company may not use material inside information in connection with a decision or recommendation to purchase or sell a security that is a trust asset.