Sec. 06.26.890. Notice of subsequent merger, consolidation, or closing.
173 words·~1 min read·
/ak/title-6/chapter-26/06-26-890A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 06.26.890. Notice of subsequent merger, consolidation, or closing.
If an interstate state trust company, interstate national trust company, or international trust company maintains a trust office or a representative office in this state under this chapter, the trust company shall give at least 60 days' prior written notice, or, in the case of an emergency transaction, shorter notice that is consistent with applicable state and federal law, to the department of
(1)a merger, consolidation, or other transaction that would cause a change of control with respect to the trust company or any bank holding company that controls the trust company if an application would be required to be filed under 12 U.S.C. 1817(j) (Change in Bank Control Act of 1978) or 12 U.S.C. 1841 — 1850 (Bank Holding Company Act of 1956);
(2)a transfer of all or substantially all of the trust accounts or trust assets of the trust company to another person;
(3)the closing or other disposition of any trust office of the trust company in this state.