Title 06 — Banks and Financial Institutions
16 chapters · 580 sections in this title.
AS 06.35.010 Common trust funds.
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(a) A bank or trust company that is qualified to act as a fiduciary in this state, or in another state if affiliated with a bank or trust company that is qualified to act as a fiduciary in this state, may establish common trust funds for the purpose of furnishing investments to (…
AS 06.35.020 Accounting to court.
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Unless ordered by a court of competent jurisdiction, a bank or trust company operating a common trust fund is not required to render a court accounting with regard to the fund. A bank or trust company may, by application to the superior court, secure approval of an accounting it …
AS 06.35.030 Procedure for accounting to court.
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When an accounting of a common trust fund is presented to the superior court under AS 06.35.020 for approval, the court shall assign a time and place for hearing and order notice of the hearing by (1) publication once a week for three weeks, the first publication to be not less t…
AS 06.35.040 Uniformity of interpretation.
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This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it.
AS 06.35.050 Short title.
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This chapter may be cited as the Uniform Common Trust Fund Act.