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Alaska Statutes Title 6. Banks and Financial Institutions § 06.26.470. Decision on application for acquisition of control

Current as of January 01, 2022 | Updated by FindLaw Staff

(a) The department shall approve or deny an application for acquisition of control not later than the 60th day after the date that the notice regarding acquisition of control is published under AS 06.26.460.

(b) If the department approves an application filed under AS 06.26.460, the applicant may acquire control. Any written commitment from the proposed transferee offered to and accepted by the department as a condition for approval of the application is enforceable against the trust company and the transferee.

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Cite this article: FindLaw.com - Alaska Statutes Title 6. Banks and Financial Institutions § 06.26.470. Decision on application for acquisition of control - last updated January 01, 2022 | https://codes.findlaw.com/ak/title-6-banks-and-financial-institutions/ak-st-sect-06-26-470/

Read this complete Alaska Statutes Title 6. Banks and Financial Institutions § 06.26.470. Decision on application for acquisition of control on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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