Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 04 - Trust Companies
Article 8 - General Provisions
3 AAC 04.990 - Definitions
Universal Citation: 3 AK Admin Code 04.990
Current through February 24, 2025
In AS 06.26 and this chapter, unless the context requires otherwise,
(1) "department" means the Department of Commerce, Community, and Economic Development;
(2) "executive"
(A) means
(i) the chair of the board of
directors;
(ii) the chief executive
officer, the president, the treasurer, the chief financial officer, the
secretary, the cashier, and each vice president of the trust company;
and
(iii) any person who
participates or has authority to participate, other than in the capacity of a
director, in major policymaking functions of the trust company, regardless of
whether the person has an official title, the person's title designates that
person as an assistant, or the person serves without salary or other
compensation;
(B) does
not include a person
(i) excluded, by
resolution of the board of directors or by the bylaws of the trust company,
from participation, other than in the capacity of a director, in major
policymaking functions of the trust company; and
(ii) who does not actually participate in
major policymaking functions of the trust company.
Authority:AS 06.26.900
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
