# Alaska Stat. § 06.26.070: Incorporation

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.26_S06.26.070

## Section

- **Citation:** Alaska Stat. § 06.26.070
- **Heading:** Incorporation
- **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 06.26.070

## Text

(a) A trust company shall be incorporated under AS 10.06 .

(b) In addition to the items required under AS 10.06.208 to be included in articles of incorporation, the articles of incorporation of a trust company must specify (1) the judicial district where the trust company will be located and the community where the trust company will locate its principal place of business;

(2) the amount of the trust company's stock, which must be divided into shares having a par value of not less than $1 each;

(3) that there will be at least five but not more than 25 directors;

(4) the period for which the trust company is organized, whether limited or perpetual;

(5) the name by which the trust company will be known, which must contain the words “trust company” as a part of the name; and

(6) a declaration that each incorporator will, if elected, accept the responsibilities and faithfully discharge the duties of a director.

## 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_S06.26.070. Check the current official text before relying on it. Not legal advice.