Change in control if required by the department

(a) If the department, acting to reorganize a trust company under AS 06.26.770, requires a change in control of a trust company, the department may waive the requirements of AS 06.26.450 - 06.26.470. (b) In a public notice required under AS 06.26.770 for the department's reorganization of a trust company, the department will include the information required by 3 AAC 04.130 if the subject of that information is affected by the reorganization.