# Alaska Stat. § 06.26.010: Persons authorized to act as fiduciaries

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.010

## Section

- **Citation:** Alaska Stat. § 06.26.010
- **Heading:** Persons authorized to act as fiduciaries
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 6 / Chapter 06.26 / Section 06.26.010

## Text

(a) Notwithstanding other provisions of law and except as provided in AS 06.26.020 , a person may not act as a fiduciary in this state unless the person is (1) a trust company organized under this chapter;

(2) a private trust company that has received an exemption under AS 06.26.200 ;

(3) a state financial institution;

(4) a national bank having its principal office in this state and authorized by the United States Comptroller of the Currency to act as a fiduciary;

(5) a federally chartered savings association having its principal office in this state and authorized by its federal chartering authority to act as a fiduciary;

(6) an international bank that has a branch bank in this state established or maintained under AS 06.05.550 ; in this paragraph, “international bank” has the meaning given in AS 06.05.990 ;

(7) an interstate national bank with a branch bank in this state established or maintained under AS 06.05.550 ; in this paragraph, “interstate national bank” means a national bank whose principal office, as designated in the bank's articles of incorporation, is not located in this state;

(8) an entity that (A) is organized under the laws of a state of the United States other than this state;

(B) holds a charter, license, certificate, or other type of authorization from this or another state of the United States to engage in banking; and

(C) has a branch bank located in this state established or maintained under AS 06.05.550 ;

(9) an interstate state trust company or international trust company with a trust office authorized by the department under AS 06.26.810 — 06.26.895;

(10) a trustee of only charitable trusts, does not offer fiduciary services to the general public with regard to noncharitable trusts, and observes the requirements applicable to trustees under AS 13.36.225 — 13.36.290 (Alaska Uniform Prudent Investor Act); or

(11) a federally chartered credit union having its principal office in this state and authorized by the National Credit Union Administration to act as a fiduciary.

(b) In this section, “branch bank” has the meaning given in AS 06.05.990 .

## Nearby sections

- [Alaska Stat. § 06.26.010 Persons authorized to act as fiduciaries.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.010.md)
- [Alaska Stat. § 06.26.020 Exemptions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.020.md)
- [Alaska Stat. § 06.26.030 Location of operation.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.030.md)
- [Alaska Stat. § 06.26.040 Name of trust company.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.040.md)
- [Alaska Stat. § 06.26.050 Powers of trust company.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.050.md)
- [Alaska Stat. § 06.26.060 Organizers.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.060.md)
- [Alaska Stat. § 06.26.070 Incorporation.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.070.md)
- [Alaska Stat. § 06.26.080 Amendment of articles or bylaws.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.080.md)
- [Alaska Stat. § 06.26.085 Certificate of authority required.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.085.md)
- [Alaska Stat. § 06.26.090 Application for certificate of authority.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.090.md)
- [Alaska Stat. § 06.26.100 Department notices regarding application.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.100.md)
- [Alaska Stat. § 06.26.110 Issuance of certificate of authority; required operation.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.110.md)
- [Alaska Stat. § 06.26.120 Required capital; change in outstanding capital and surplus.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.120.md)
- [Alaska Stat. § 06.26.130 Capital notes or debentures.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.130.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.010. Check the current official text before relying on it. Not legal advice.