Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 04 - Trust Companies
Article 5 - Governance
3 AAC 04.420 - Officers and employees

Universal Citation: 3 AK Admin Code 04.420

Current through February 24, 2025

If the department determines that an officer or employee of the trust company has been negligent, dishonest, reckless, or incompetent in the performance of official duties, the department may do one or more of the following:

(1) fine the trust company;

(2) suspend or revoke its certificate of authority.

Authority:AS 06.01.030

AS 06.01.035

AS 06.26.150

AS 06.26.530

AS 06.26.900

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