Unless expressly authorized by a resolution of the board recorded in the minutes of the board, an officer or employee may not create or dispose of a trust company asset or create or incur a liability on behalf of the trust company.
AS 06.26.540
Prohibition of certain action by officer or employee
Known as the Revised Alaska Trust Company Act
The act spans §§ 6–6 (88 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.