- (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.
(Eff. 8/29/90, Register 115; am 3/30/2003, Register 165)
Authority: AS 21.06.090, AS 21.27.360