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(a) Unless required by a court order, a licensee may not authorize a financial institution to withhold issue of money from a fiduciary account.
(b) Unless required by a court order, a licensee may not authorize a financial institution to seize fiduciary money from an account.
(c) Failure to comply with (a) or (b) of this section is a violation of AS 21.27.360 .
History: Eff. 8/29/90, Register 115; am 3/30/2003, Register 165
Authority: AS 21.06.090
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Last modified 7/05/2006