url stringlengths 42 388 | state stringclasses 50
values | path stringlengths 83 10.4k | title stringlengths 34 2.24k | content stringlengths 0 2.39M |
|---|---|---|---|---|
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-231/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.231. Bank service corporations. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.231. Bank service corporations. | (a) A bank may invest not more than 10 percent of its paid-in and unimpaired capital and surplus in a bank service corporation if
(1) the bank submits an application requesting permission to invest in a bank service corporation to the department, accompanied by complete information concerning feasibility, rates, and co... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-235/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.235. Bank holding companies. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.235. Bank holding companies. | (a) Except as provided in this section or in AS 06.05.570, it is unlawful for a person to own, control, or hold with power to vote 25 percent or more of a class of voting securities or other capital stock of one or more state banks or domestic bank holding companies subject to regulation under this chapter. However, wh... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-237/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.237. Financial holding companies. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.237. Financial holding companies. | Notwithstanding the provisions of AS 06.05.235 and regulations adopted under that section, a holding company formed under this title may apply to the Federal Reserve System for status as a financial holding company. If the status is granted, the financial holding company has powers as a financial holding company author... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-240/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.240. Acquisition of property to satisfy or protect previous loan. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.240. Acquisition of property to satisfy or protect previous loan. | A state bank may take property of any kind to satisfy or protect a loan previously made in good faith and in the ordinary course of business. A bank may not take the capital stock of the bank or of the bank's parent holding companies unless it complies with AS 06.05.205(d). The property shall be entered on the books at... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-245/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.245. Disposition of property. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.245. Disposition of property. | All investments in real and personal property, regardless of how acquired, not permitted under AS 06.05.230 that come into the possession of a state bank shall be disposed of as soon as possible. |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-255/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.255. Borrowing. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.255. Borrowing. | (a) The aggregate amount of outstanding liabilities of a state bank for money borrowed exclusive of (1) capital notes and debentures issued under AS 06.05.307, (2) obligations incurred in connection with the purchase of bank premises under AS 06.05.230(1), and (3) agreements to repurchase securities, earlier sold by th... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-260/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.260. Pledge, assignment, and transfer of assets. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.260. Pledge, assignment, and transfer of assets. | (a) A bank may not give preference to a depositor or creditor by pledging any of the assets of a bank as collateral security except
(1) to the state to secure state funds, or to a municipal corporation or other public corporation, municipal utility or municipal utility board, or political subdivision of the state to se... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-262/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.262. Assumption of liability. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.262. Assumption of liability. | Except as expressly permitted in this chapter, a state bank may not assume liability as an insurer or as a guarantor or endorser of a security instrument or obligation unless the bank has a property interest in or with respect to the instrument or obligation. This section does not apply to warranty deeds issued by a ba... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-270/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.270. Investments and customer securities. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.270. Investments and customer securities. | (a) In addition to loans and acquisitions expressly authorized by this chapter, a state bank may deal in, underwrite, and invest in for its own account the obligations that the department by regulation authorizes the bank to deal in, underwrite, or invest in for its own account.
(b) [Repealed, § 102 ch 26 SLA 1993.]
(c... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-272/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.272. Bank subsidiaries. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.272. Bank subsidiaries. | (a) A state bank may purchase or establish, and operate, one or more subsidiaries engaged in any of the following activities, if the subsidiary has the necessary licenses and permits and the operation is not detrimental to the bank's business:
(1) real property ownership, development, and leasing;
(2) securities broker... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-275/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.275. Trade and bank acceptances. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.275. Trade and bank acceptances. | (a) [Repealed, § 102 ch 26 SLA 1993.]
(b) A bank may discount, invest in, negotiate, and issue trade acceptances and bank acceptances if
(1) the terms of the draft require presentation for payment within 180 days of issuance, exclusive of days of grace, and it is drawn to finance the purchase of goods with maturity and... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-277/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.277. Providing services as agent. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.277. Providing services as agent. | (a) If a state bank complies with this section and if the department approves the provision of the services under this section, the state bank may agree to provide banking services as an agent for a depository institution.
(b) A state bank that proposes to enter into an agency agreement under this section shall file wi... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-3/section-06-05-280/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.›Sec. 06.05.280. Fees connected with obtaining mortgage loans. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services. › Sec. 06.05.280. Fees connected with obtaining mortgage loans. | (a) [Repealed, § 102 ch 26 SLA 1993.]
(b) [Repealed, § 102 ch 26 SLA 1993.]
(c) A director, officer, or employee of a bank may not receive a fee or other compensation of any kind in connection with obtaining a mortgage loan from a bank, except for services actually rendered as provided in this chapter. |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-301/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.301. Applicability of corporations co... | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.301. Applicability of corporations code. | (a) Except for national banks with a principal place of business in the state, and interstate state banks and international banks with a certificate of authority under AS 06.05.555, a corporation may not engage in the banking business unless the corporation is organized under AS 10.06 (Alaska Corporations Code) and thi... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-305/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.305. Capital structure. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.305. Capital structure. | (a) A corporation may not commence and operate a banking business in the state in a community with a population of 35,000 or more unless the corporation has paid-in capital in an amount acceptable to the department, but not less than $2,000,000, and paid-in surplus equal to 20 percent of paid-in capital. A corporation ... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-307/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.307. Capital notes or debentures. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.307. Capital notes or debentures. | (a) A bank organized under the laws of this state may, with the approval of stockholders owning two-thirds of the stock of the bank entitled to vote or without this approval if authorized by its articles of incorporation, issue convertible or nonconvertible capital notes or debentures with the written consent of the de... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-310/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.310. Correction of impairment of capi... | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.310. Correction of impairment of capital. | If the department determines that the order is necessary for the protection of depositors, the department may issue an order under AS 06.01.030 to require a state bank to increase its capital accounts or to reduce its deposits. In making a decision whether to issue an order under this section, the department shall cons... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-320/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.320. Bank purchases of own shares. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.320. Bank purchases of own shares. | Except in accordance with written approval of the department, a bank may not purchase its own capital stock. |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-327/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.327. Change in outstanding voting sha... | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.327. Change in outstanding voting shares. | Before a change may occur in the outstanding voting shares of a state bank that will result in a change in the control of the bank, or before any sales or transfers by or to a person, corporation or other legal entity of the aggregate of 10 percent or more of the voting shares of a state bank may be made, the transacti... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-340/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.340. Certain remuneration prohibited. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.340. Certain remuneration prohibited. | A bank may not pay directly or indirectly a fee, commission, or bonus of any kind for its promotion and organization or for securing a subscription to the original capital or to any increase in capital. However, this section does not prohibit the payment of reasonable compensation for legal, accounting, and econometric... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-342/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.342. Subscriptions for shares. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.342. Subscriptions for shares. | (a) Subscription agreements and accompanying prospectuses or offering circulars, whether for a proposed state bank or for an increase in capital of an existing state bank, shall be submitted to the department for approval before their use. The department shall determine whether the subscription agreements or offering c... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-344/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.344. Application for approval of stat... | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.344. Application for approval of state bank. | (a) Before the department issues a certificate of incorporation under AS 10.06.910 for a state bank, the incorporators of a proposed state bank shall obtain the approval of the department. In applying for the approval, the incorporators shall file with the department
(1) an application in the form and containing the in... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-345/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.345. Articles of incorporation. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.345. Articles of incorporation. | (a) In addition to those items required under AS 10.06.208, the articles of incorporation of a state bank must specify
(1) the judicial district in which the bank is to be located and the community where the bank is to conduct its principal place of business;
(2) the amount of its capital stock, which shall be divided ... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-350/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.350. Certificate of authority. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.350. Certificate of authority. | (a) At any time after receiving a certificate of incorporation, a bank may apply to the department for a certificate of authority to engage in the banking business. Before receiving a certificate of authority, a bank may not perform an act other than to perfect its organization, obtain and equip a place of business, ob... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-355/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.355. Deposit insurance required. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.355. Deposit insurance required. | (a) The department shall require a state bank, at the time the bank applies for a certificate of authority under AS 06.05.350, to become a member of the Federal Deposit Insurance Corporation.
(b) A bank that is a member of the Federal Deposit Insurance Corporation may not voluntarily relinquish membership without the c... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-385/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.385. Organizational meeting; bylaws. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.385. Organizational meeting; bylaws. | (a) A state bank may not call an organizational meeting under AS 10.06.223 until all capital and surplus have been fully paid.
(b) Bylaws shall be adopted and may be amended by a vote of the holders of a majority of the outstanding voting shares voted at a meeting of the shareholders. If not provided in the articles of... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-399/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.399. Changes of location; branch bank... | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.399. Changes of location; branch banks. | A state bank may apply for and establish a branch bank, request a change of the location of the bank's principal office, or request a change of the location of a branch bank as allowed under regulations adopted by the department under this chapter. |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-4/section-06-05-426/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.›Sec. 06.05.426. Automated teller machines. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements. › Sec. 06.05.426. Automated teller machines. | (a) A state bank may establish, maintain, and operate an automated teller machine on the premises of the main office or a branch office of the bank.
(b) A state bank may establish, maintain, and operate an automated teller machine at a location other than bank premises by notifying the department 30 days before the dat... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-5/section-06-05-435/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 5. Conduct of Corporate Affairs.›Sec. 06.05.435. Directors. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 5. Conduct of Corporate Affairs. › Sec. 06.05.435. Directors. | (a) The affairs of every bank incorporated under this chapter shall be managed by not less than five directors, nor more than 25. A majority of the board of directors shall be bona fide residents of the state, and a majority constitutes a quorum for the transaction of business.
(b) [Repealed, § 102 ch 26 SLA 1993.]
(c)... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-5/section-06-05-437/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 5. Conduct of Corporate Affairs.›Sec. 06.05.437. Officers. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 5. Conduct of Corporate Affairs. › Sec. 06.05.437. Officers. | (a) The officers of a bank shall be chosen by the board of directors. An officer may not be appointed to serve for a period longer than one year. If a president of a bank or other chief officer responsible for the management of the bank is not a director, the officer must be an ex officio member of the board of directo... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-5/section-06-05-438/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 5. Conduct of Corporate Affairs.›Sec. 06.05.438. Directors, meetings, and duties. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 5. Conduct of Corporate Affairs. › Sec. 06.05.438. Directors, meetings, and duties. | (a) The board of directors of each bank shall hold a meeting at least once each calendar quarter of each calendar year.
(b) The board of directors shall elect a secretary who shall keep a correct record of the minutes of each board meeting. The minutes shall state the date of each meeting, the names of the directors pr... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-5/section-06-05-440/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 5. Conduct of Corporate Affairs.›Sec. 06.05.440. Authority to declare dividends. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 5. Conduct of Corporate Affairs. › Sec. 06.05.440. Authority to declare dividends. | The directors of a bank transacting business in the state may declare a dividend out of the net profits, subject to any restrictions under AS 06.05.307(c) and after complying with AS 06.05.441 - 06.05.445. |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-5/section-06-05-441/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 5. Conduct of Corporate Affairs.›Sec. 06.05.441. Conditions precedent to dividend declaration and payment. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 5. Conduct of Corporate Affairs. › Sec. 06.05.441. Conditions precedent to dividend declaration and payment. | (a) Before a bank dividend is declared or the net profits for the period covered by the dividend disposed of, and after the restoration of any undivided profits or surplus under AS 06.05.442, not less than one-fifth of these net profits shall be carried to the bank surplus account until the surplus account equals 100 p... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-5/section-06-05-442/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 5. Conduct of Corporate Affairs.›Sec. 06.05.442. Excess losses; restoration of surplus; payment of dividends. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 5. Conduct of Corporate Affairs. › Sec. 06.05.442. Excess losses; restoration of surplus; payment of dividends. | A loss sustained by a bank in excess of its undivided profits and any capital contingency reserves shall be charged to its surplus account or, with the approval of the department, carried as negative undivided profits. The bank's undivided profits and surplus account shall thereafter be reimbursed from earnings, and no... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-5/section-06-05-445/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 5. Conduct of Corporate Affairs.›Sec. 06.05.445. Net undivided profits and dividends. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 5. Conduct of Corporate Affairs. › Sec. 06.05.445. Net undivided profits and dividends. | (a) A bank may not declare or pay a dividend in an amount greater than its net undivided profits then on hand.
(b) In determining net profits for the purpose of declaring a dividend, a bank may not include in its calculations
(1) loan loss reserves and losses in excess of reserves, including loans or other credits upon... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-5/section-06-05-450/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 5. Conduct of Corporate Affairs.›Sec. 06.05.450. Shareholders list. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 5. Conduct of Corporate Affairs. › Sec. 06.05.450. Shareholders list. | Each bank shall keep a record of the name and residence of each shareholder of the bank, the class and number of shares held by each, the time when each person became a shareholder, and all transfers of stock, stating the time when made, the number of shares, and by whom transferred. A list of current shareholders shal... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-5/section-06-05-462/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 5. Conduct of Corporate Affairs.›Sec. 06.05.462. Conversions, mergers, and consolidations. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 5. Conduct of Corporate Affairs. › Sec. 06.05.462. Conversions, mergers, and consolidations. | (a) A national bank located in the state may convert to a state bank or merge or consolidate with a state bank, and a state bank may merge or consolidate with another state bank, if the merger or consolidation is consistent with federal and state law and approved by the department.
(b) Before merger or consolidation un... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-6/section-06-05-466/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 6. Dissolution, Reorganization, Liquidation, and Department Possession.›Sec. 06.05.466. Dissolution before commencement of business. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 6. Dissolution, Reorganization, Liquidation, and Department Possession. › Sec. 06.05.466. Dissolution before commencement of business. | If the department discovers, after it approves the articles of incorporation for a bank but before it issues a certificate of authority to the bank, a reason why a bank should not have been incorporated, or if a certificate of authority is not issued within the later of one year after the issuance of the certificate of... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-6/section-06-05-468/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 6. Dissolution, Reorganization, Liquidation, and Department Possession.›Sec. 06.05.468. Department takeover. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 6. Dissolution, Reorganization, Liquidation, and Department Possession. › Sec. 06.05.468. Department takeover. | (a) A state bank may be closed and the department may take possession of the bank if the bank voluntarily places its affairs and assets under the department's control, or if the department finds
(1) the bank has violated an order of the department;
(2) the bank has violated a provision of this chapter or a regulation o... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-6/section-06-05-470/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 6. Dissolution, Reorganization, Liquidation, and Department Possession.›Sec. 06.05.470. Department in possession. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 6. Dissolution, Reorganization, Liquidation, and Department Possession. › Sec. 06.05.470. Department in possession. | (a) [Repealed, § 102 ch 26 SLA 1993.]
(b) When the department has taken possession of a state bank, it is vested with the full and exclusive power of management and control, including the power to continue or discontinue the business, to stop or limit the payment of the bank's obligations, to employ necessary assistant... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-6/section-06-05-471/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 6. Dissolution, Reorganization, Liquidation, and Department Possession.›Sec. 06.05.471. Reorganization. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 6. Dissolution, Reorganization, Liquidation, and Department Possession. › Sec. 06.05.471. Reorganization. | (a) If the department decides to reorganize a state bank, the department, after according a hearing to all interested parties, shall enter an order proposing a reorganization plan. The department shall send a copy of the plan to each depositor and creditor who will not receive payment of a claim in full under the plan,... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-6/section-06-05-472/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 6. Dissolution, Reorganization, Liquidation, and Department Possession.›Sec. 06.05.472. Liquidation. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 6. Dissolution, Reorganization, Liquidation, and Department Possession. › Sec. 06.05.472. Liquidation. | (a) In liquidating a state bank, the department may exercise any power incidental to liquidating a bank, but it may not, without the approval of the superior court,
(1) sell an asset of the bank having an appraised value in excess of $100,000;
(2) compromise or release a claim that exceeds $100,000, exclusive of intere... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-6/section-06-05-473/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 6. Dissolution, Reorganization, Liquidation, and Department Possession.›Sec. 06.05.473. Claims. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 6. Dissolution, Reorganization, Liquidation, and Department Possession. › Sec. 06.05.473. Claims. | (a) As soon as practical after beginning the liquidation of a state bank, the department shall
(1) mail notice of the liquidation proceedings to the last known post office address of each depositor, creditor, lessee of a safe deposit box, or bailor of property;
(2) post notice of the proceedings conspicuously on the pr... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-6/section-06-05-474/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 6. Dissolution, Reorganization, Liquidation, and Department Possession.›Sec. 06.05.474. Federal Deposit Insurance Corporation as receiver or liquidator. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 6. Dissolution, Reorganization, Liquidation, and Department Possession. › Sec. 06.05.474. Federal Deposit Insurance Corporation as receiver or liquidator. | The department may appoint the Federal Deposit Insurance Corporation as receiver for a state bank that the department has taken possession of, if the deposits of the bank are insured by that corporation. Upon filing with the court a certificate indicating the acceptance of the appointment by the Federal Deposit Insuran... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-7/section-06-05-548/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions.›Sec. 0... | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions. › Sec. 06.05.548. Concentration of deposits. | (a) Unless expressly otherwise allowed under this title, an acquisition, a merger, or an ownership transaction is not permitted between a depository institution in this state and a depository institution in another state, if upon consummation of the acquisition, merger, or transaction the resulting depository instituti... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-7/section-06-05-550/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions.›Sec. 0... | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions. › Sec. 06.05.550. Authority of international bank, i... | (a) An international bank, an interstate state bank, or an interstate national bank whose deposits are insured by the Federal Deposit Insurance Corporation may acquire a branch bank as the result of a merger or consolidation of the international bank, interstate state bank, or interstate national bank with, or the purc... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-7/section-06-05-555/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions.›Sec. 0... | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions. › Sec. 06.05.555. Certificate of authority for inter... | (a) Before acquiring a branch bank under AS 06.05.550(a) or establishing a branch bank under AS 06.05.550(b), an interstate state bank or international bank shall file an application with the department for and receive a certificate of authority to operate a branch bank. The application must include
(1) all information... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-7/section-06-05-557/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions.›Sec. 0... | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions. › Sec. 06.05.557. Notice filing for interstate natio... | An interstate national bank acquiring a branch in this state under AS 06.05.550 shall file a notice of the acquisition with the department along with a copy of the application filed with the agency that primarily regulates the interstate national bank. The notice and copy of the application shall be filed with the depa... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-7/section-06-05-560/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions.›Sec. 0... | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions. › Sec. 06.05.560. Asset requirements for internation... | (a) An international bank that operates one or more branch banks in the state shall maintain in the state assets in an amount acceptable to the department, except that the amount may not be less than the amount of deposits payable at or through the branch banks.
(b) The department shall determine the value of the asset... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-7/section-06-05-565/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions.›Sec. 0... | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions. › Sec. 06.05.565. Applicability of title to intersta... | (a) An interstate state bank or international bank operating a branch bank in the state is subject to the provisions of this title and the regulations adopted and orders issued under this title, except for the residency requirements in AS 06.05.435(a).
(b) In meeting the reserve requirements of AS 06.05.200(a) and appl... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-7/section-06-05-570/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions.›Sec. 0... | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions. › Sec. 06.05.570. Out-of-state bank holding companie... | (a) An out-of-state bank holding company may acquire and own all or a portion of the voting securities or other capital stock of, or all or substantially all of the assets of, one or more state banks, domestic bank holding companies, or national banks conducting a banking business in the state, unless the state bank or... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-8/section-06-05-900/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 8. General Provisions.›Sec. 06.05.900. Copies of records for child support purposes. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 8. General Provisions. › Sec. 06.05.900. Copies of records for child support purposes. | If a copy of a record concerning an individual who owes or is owed child support, including a record concerning assets and liabilities of the individual, prepared or maintained by a bank of this state is requested by the child support services agency established in AS 25.27.010 or the child support enforcement agency o... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-8/section-06-05-910/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 8. General Provisions.›Sec. 06.05.910. Construction with subsequent legislation. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 8. General Provisions. › Sec. 06.05.910. Construction with subsequent legislation. | No part of this chapter shall be considered to be impliedly repealed by subsequent legislation not specifically repealing it if that construction can be avoided. |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-8/section-06-05-990/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 8. General Provisions.›Sec. 06.05.990. Definitions. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 8. General Provisions. › Sec. 06.05.990. Definitions. | In this chapter, unless the context otherwise requires,
(1) “automated teller machine,” means a staffed or unstaffed electronic device or terminal that permits a bank customer to accomplish various financial transactions, including depositing or withdrawing funds, making loans, and transferring funds between accounts, ... |
https://law.justia.com/codes/alaska/title-6/chapter-05/article-8/section-06-05-995/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 05. Alaska Banking Code›Article 8. General Provisions.›Sec. 06.05.995. Short title. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 05. Alaska Banking Code › Article 8. General Provisions. › Sec. 06.05.995. Short title. | This chapter may be cited as the Alaska Banking Code. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-010/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.010. Declaration of policy. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.010. Declaration of policy. | In providing authority for the establishment of mutual savings banks it is the intent of the legislature to make available the benefits of mutual savings banking, thereby encouraging the practice of thrift and promoting the accumulation of funds for investment to develop the economy. For the accomplishment of these pur... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-020/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.020. Chartering of mutual banks. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.020. Chartering of mutual banks. | Upon written application by five signatories from among not less than 21 individuals acting in the capacity of qualified corporators named in the application, the department may issue a charter for a mutual bank. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-030/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.030. Issuance of charter. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.030. Issuance of charter. | A charter shall be issued if the department finds that a mutual bank will serve a useful purpose in the community in which it is proposed to be established, that there is reasonable expectation of its financial success, and that its operation will not unduly injure existing banking institutions. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-040/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.040. Qualification of corporators. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.040. Qualification of corporators. | (a) Each corporator shall be an individual, not of unsound mind or capacity, whom the department finds to be of financial responsibility and good character. Without in any way limiting, by enactment of this section, the general regulatory power granted the department by this or any other act, the department may regulat... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-050/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.050. Corporators. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.050. Corporators. | At their organizational meeting, the corporators shall adopt rules governing their activities as corporators, and may amend the rules from time to time. The rules shall establish the number of corporators and shall prescribe that any number of corporators not less than one-quarter of those at the time in office shall c... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-060/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.060. Trustees. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.060. Trustees. | The corporators shall elect a board of trustees from among their number, consisting of not less than seven nor more than 25, or one-half of all the corporators minus one, whichever is less. A majority of the trustees shall be residents of this state. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-070/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.070. Terms of trustees. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.070. Terms of trustees. | The corporators shall, by a majority vote of those present at their organizational meeting, elect a board of trustees in the following manner: one-third for a term of one year; one-third for a term of two years; and one-third for a term of three years. Thereafter trustees shall be elected to serve for a term of three y... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-080/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.080. Management and control of mutual bank; bylaws. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.080. Management and control of mutual bank; bylaws. | The management and control of the affairs of a mutual bank are vested in the board of trustees. The board of trustees may adopt, amend, and repeal bylaws governing the affairs of the mutual bank. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-090/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.090. Failure to attend meetings. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.090. Failure to attend meetings. | The office of a trustee becomes vacant if the trustee fails to attend regular meetings of the trustees for a period of six months, unless excused during that period by a resolution adopted by the trustees. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-100/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.100. Prohibited conduct of trustees. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.100. Prohibited conduct of trustees. | A trustee may not
(1) receive remuneration as trustee except reasonable fees for attendance at meetings of trustees or for services as a member of a committee of trustees;
(2) use the position as trustee, or knowingly allow it to be used, to obtain preferential terms in dealings with the mutual bank for which the perso... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-105/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.105. Trustee borrowing. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.105. Trustee borrowing. | A person may borrow money from the mutual bank for which the person is trustee to the same extent that a director may borrow money under AS 06.05.210. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-110/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.110. Trustee as officer or attorney. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.110. Trustee as officer or attorney. | Nothing contained in AS 06.15.100 prohibits or limits any right of a trustee who is also an officer or attorney of the mutual bank from receiving compensation for services as an officer or attorney. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-120/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.120. Exceptions. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.120. Exceptions. | Upon application by a mutual bank, an exception may be granted to any prohibition contained in AS 06.15.100 following a determination by the department that the exception sought is equitable, is supported by evidence, and is in the best interests of the depositors of the mutual bank. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-130/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.130. Deposit of funds. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.130. Deposit of funds. | A mutual bank may not deposit any of its funds except with a depositary approved by vote of a majority of all the trustees, exclusive of any trustee who is an officer, partner, director or trustee of the depositary. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-1/section-06-15-140/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 1. Formation and Management of Mutual Banks.›Sec. 06.15.140. Commencement of operation. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 1. Formation and Management of Mutual Banks. › Sec. 06.15.140. Commencement of operation. | (a) A mutual bank may not begin operation until the department has given its approval to do so. The department may not grant approval to begin operation until the mutual bank has qualified as an insured bank under the Federal Deposit Insurance Act and complied with the provisions of AS 06.05 (Alaska Banking Code) that ... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-2/section-06-15-180/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 2. Banking Practices.›Sec. 06.15.180. Borrowing. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 2. Banking Practices. › Sec. 06.15.180. Borrowing. | The aggregate amount of outstanding liabilities of a mutual bank for money borrowed may not at any time exceed 15 percent of the total assets of the mutual bank unless the department approves a larger percentage of the total assets of the mutual bank. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-2/section-06-15-190/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 2. Banking Practices.›Sec. 06.15.190. Deposits. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 2. Banking Practices. › Sec. 06.15.190. Deposits. | A mutual bank may accept deposits to be held solely and absolutely in its own right by or in trust or other fiduciary capacity for any person, including an adult or minor individual, male or female, single or married, a partnership, nonprofit organization, association, fiduciary, corporation, or political subdivision o... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-2/section-06-15-210/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 2. Banking Practices.›Sec. 06.15.210. Right to reject, repay, and classify deposits. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 2. Banking Practices. › Sec. 06.15.210. Right to reject, repay, and classify deposits. | A mutual bank may
(1) reject any sums offered for deposit;
(2) repay any deposit at any time; and
(3) classify and differentiate among deposits on any bases that it may determine. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-2/section-06-15-220/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 2. Banking Practices.›Sec. 06.15.220. Interest on deposits. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 2. Banking Practices. › Sec. 06.15.220. Interest on deposits. | A mutual bank may pay interest on deposits from net earnings and undivided profits at the rates and intervals that its trustees or the persons to whom the trustees have delegated the trustees' authority approve. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-2/section-06-15-240/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 2. Banking Practices.›Sec. 06.15.240. Investments authorized. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 2. Banking Practices. › Sec. 06.15.240. Investments authorized. | (a) In addition to loans and acquisitions expressly authorized by this chapter, a mutual bank may deal in, underwrite, and invest in for its own account the obligations that the department by regulation authorizes the bank to deal in, underwrite, or invest in for its own account.
(b) If a mutual bank does not assume re... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-2/section-06-15-250/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 2. Banking Practices.›Sec. 06.15.250. Investment in first mortgages. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 2. Banking Practices. › Sec. 06.15.250. Investment in first mortgages. | Subject to the provisions of this chapter and the regulations adopted under this chapter, a mutual bank may invest in first mortgages in the same manner and with the same limitations as a bank organized under AS 06.05. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-2/section-06-15-260/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 2. Banking Practices.›Sec. 06.15.260. Investment in bankers' acceptances. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 2. Banking Practices. › Sec. 06.15.260. Investment in bankers' acceptances. | Subject to the provisions of this chapter and regulations under this chapter a mutual bank may invest in bankers' acceptances that have been accepted by a bank, trust company, national bank, investment company, or banking corporation organized under the laws of the United States or of any state, which is a member of th... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-2/section-06-15-270/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 2. Banking Practices.›Sec. 06.15.270. Investment in corporate securities. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 2. Banking Practices. › Sec. 06.15.270. Investment in corporate securities. | (a) Subject to the provisions of this chapter and regulations under this chapter a mutual bank may invest in corporate securities, subject to the exercise of the same degree of care and prudence that persons prompted by self-interest generally exercise in their own affairs, and subject to the following limitations:
(1)... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-2/section-06-15-280/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 2. Banking Practices.›Sec. 06.15.280. Investment in promissory notes. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 2. Banking Practices. › Sec. 06.15.280. Investment in promissory notes. | Subject to the provisions of this chapter and regulations under this chapter, a mutual bank may invest in a promissory note, subject to the following limitations:
(1) a promissory note payable to the order of the mutual bank that is
(A) secured by the assignment of one or more mortgages in which a mutual bank may inves... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-3/section-06-15-290/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 3. Branches, Conversion, Merger, and Consolidation.›Sec. 06.15.290. Changes of location; branch banks. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 3. Branches, Conversion, Merger, and Consolidation. › Sec. 06.15.290. Changes of location; branch banks. | A mutual bank may apply for and establish a branch bank, request a change of the location of the bank's principal office, or request a change of the location of a branch bank as allowed under regulations adopted by the department under this chapter. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-3/section-06-15-300/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 3. Branches, Conversion, Merger, and Consolidation.›Sec. 06.15.300. Conversion of thrift institution to mutual bank. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 3. Branches, Conversion, Merger, and Consolidation. › Sec. 06.15.300. Conversion of thrift institution to mutual bank. | Any thrift institution other than a mutual bank may, with the approval of the department, convert itself into a mutual bank upon the affirmative vote of not less than a majority of the votes cast by those entitled to vote upon its affairs at a duly called and held meeting and shall thereupon possess the powers of and b... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-3/section-06-15-310/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 3. Branches, Conversion, Merger, and Consolidation.›Sec. 06.15.310. Conversion of mutual bank to thrift institution. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 3. Branches, Conversion, Merger, and Consolidation. › Sec. 06.15.310. Conversion of mutual bank to thrift institution. | A mutual bank may, with the approval of the regulatory authority having jurisdiction over the creation of the thrift institution and upon the affirmative vote of a majority of its corporators, convert itself into a thrift institution organized under federal law or the laws of this state. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-3/section-06-15-320/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 3. Branches, Conversion, Merger, and Consolidation.›Sec. 06.15.320. Merger and consolidation of mutual banks. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 3. Branches, Conversion, Merger, and Consolidation. › Sec. 06.15.320. Merger and consolidation of mutual banks. | Two or more mutual banks may, with the approval of the department, and upon the affirmative vote of not less than two-thirds of the corporators of each such mutual bank, enter into an agreement of merger or consolidation. Thereafter the merger or consolidation shall be effective under the terms of the agreement. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-3/section-06-15-330/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 3. Branches, Conversion, Merger, and Consolidation.›Sec. 06.15.330. Condition of department approval. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 3. Branches, Conversion, Merger, and Consolidation. › Sec. 06.15.330. Condition of department approval. | Before approving a merger or consolidation the department shall give consideration to the purposes of this chapter and the prospects of the surviving or consolidated mutual bank for financial success and its ability to discharge the duties and conform to the restrictions imposed upon a mutual bank. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-3/section-06-15-340/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 3. Branches, Conversion, Merger, and Consolidation.›Sec. 06.15.340. Transfer and exercise of rights. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 3. Branches, Conversion, Merger, and Consolidation. › Sec. 06.15.340. Transfer and exercise of rights. | All rights, franchises, and property interests of the merged or consolidating mutual banks are transferred to and vested in the surviving or consolidated mutual bank by virtue of the merger or consolidation without the requirement under this chapter of a deed or other instrument of transfer. The surviving or consolidat... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-4/section-06-15-350/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 4. General Powers of Mutual Banks.›Sec. 06.15.350. General powers. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 4. General Powers of Mutual Banks. › Sec. 06.15.350. General powers. | A mutual bank
(1) shall have indefinite succession;
(2) may adopt and use a seal;
(3) may sue and be sued;
(4) may adopt, amend, and repeal rules and regulations governing the manner in which its business may be conducted and the manner in which the powers vested in it may be exercised;
(5) may make and carry out contr... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-4/section-06-15-360/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 4. General Powers of Mutual Banks.›Sec. 06.15.360. Additional powers. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 4. General Powers of Mutual Banks. › Sec. 06.15.360. Additional powers. | The enumeration of powers in AS 06.15.350 does not exclude other powers appropriate for the achievement of the objects and purposes of a mutual bank under this chapter. With the approval of the department, a mutual bank may provide for the exercise of other powers in its bylaws, rules, or regulations. |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-5/section-06-15-370/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 5. General Provisions.›Sec. 06.15.370. Definitions. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 5. General Provisions. › Sec. 06.15.370. Definitions. | In this chapter,
(1) “conventional loan” means a loan secured by a first mortgage on unencumbered real property or leasehold estate other than a loan guaranteed or insured by a federal agency;
(2) “department” means the Department of Commerce, Community, and Economic Development;
(3) “financial institution” means a thr... |
https://law.justia.com/codes/alaska/title-6/chapter-15/article-5/section-06-15-380/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 15. Mutual Savings Bank Act›Article 5. General Provisions.›Sec. 06.15.380. Short title. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 15. Mutual Savings Bank Act › Article 5. General Provisions. › Sec. 06.15.380. Short title. | This chapter may be cited as the Mutual Savings Bank Act. |
https://law.justia.com/codes/alaska/title-6/chapter-20/article-1/section-06-20-010/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 20. Alaska Small Loans Act›Article 1. Licensing.›Sec. 06.20.010. License required. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 20. Alaska Small Loans Act › Article 1. Licensing. › Sec. 06.20.010. License required. | (a) A person may not engage in the business of making loans of money, credit, goods, or things in action in the amount or of the value of $25,000 or less and charge, contract for, or receive on the loan a greater rate of interest, discount, or consideration than the lender would be permitted by law to charge if the per... |
https://law.justia.com/codes/alaska/title-6/chapter-20/article-1/section-06-20-020/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 20. Alaska Small Loans Act›Article 1. Licensing.›Sec. 06.20.020. Application for license; disclosure for child support purposes. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 20. Alaska Small Loans Act › Article 1. Licensing. › Sec. 06.20.020. Application for license; disclosure for child support purposes. | (a) Application for a license shall be in writing under oath, and in the form prescribed by the department, and must contain the name and the residence and business address of the applicant, the district and municipality with street and number, if any, where the business is to be conducted and other information as the ... |
https://law.justia.com/codes/alaska/title-6/chapter-20/article-1/section-06-20-030/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 20. Alaska Small Loans Act›Article 1. Licensing.›Sec. 06.20.030. Fees and charges. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 20. Alaska Small Loans Act › Article 1. Licensing. › Sec. 06.20.030. Fees and charges. | (a) Investigation expenses incurred by the department in processing an application for licensure shall be charged to and paid by the applicant under AS 06.01.010. At the time of submitting the application to the commissioner, the applicant shall pay to the department $1,000 in partial payment of those investigation exp... |
https://law.justia.com/codes/alaska/title-6/chapter-20/article-1/section-06-20-040/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 20. Alaska Small Loans Act›Article 1. Licensing.›Sec. 06.20.040. Liquid assets required. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 20. Alaska Small Loans Act › Article 1. Licensing. › Sec. 06.20.040. Liquid assets required. | An applicant shall prove, in form satisfactory to the department, that the applicant has available for the operation of the business at the location specified in the application, liquid assets of at least $25,000, or, in the case of a multiple office license, that the equivalent amount is available to each office from ... |
https://law.justia.com/codes/alaska/title-6/chapter-20/article-1/section-06-20-050/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 20. Alaska Small Loans Act›Article 1. Licensing.›Sec. 06.20.050. Bond. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 20. Alaska Small Loans Act › Article 1. Licensing. › Sec. 06.20.050. Bond. | The applicant shall file with the application a bond to be approved by the department in which the applicant shall be the obligor, in the sum of $25,000 with one or more sureties. Only one bond is required for an application for a multiple office license. The bond shall be for the use of the state and any person who ma... |
https://law.justia.com/codes/alaska/title-6/chapter-20/article-1/section-06-20-060/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 20. Alaska Small Loans Act›Article 1. Licensing.›Sec. 06.20.060. Issuance of license. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 20. Alaska Small Loans Act › Article 1. Licensing. › Sec. 06.20.060. Issuance of license. | Upon the filing of the application, the payment of the fees and the approval of the bond, the department shall issue a license to the applicant if it finds upon investigation that (1) the financial responsibility, experience, character, and general fitness of the applicant and of its members if the applicant is a copar... |
https://law.justia.com/codes/alaska/title-6/chapter-20/article-1/section-06-20-070/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 20. Alaska Small Loans Act›Article 1. Licensing.›Sec. 06.20.070. Form, posting, and transfer of license. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 20. Alaska Small Loans Act › Article 1. Licensing. › Sec. 06.20.070. Form, posting, and transfer of license. | The license must state the address at which the business is to be conducted and the full name of the licensee. If the licensee is a copartnership or association, the license must state the names of its members, and if a corporation, the date and place of its incorporation. The license shall be conspicuously posted in t... |
https://law.justia.com/codes/alaska/title-6/chapter-20/article-1/section-06-20-080/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 20. Alaska Small Loans Act›Article 1. Licensing.›Sec. 06.20.080. Additional bond. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 20. Alaska Small Loans Act › Article 1. Licensing. › Sec. 06.20.080. Additional bond. | If at any time the department finds that the bond is unsatisfactory for any reason, it may require the licensee to file, within 10 days after the receipt of a written demand therefor, an additional bond complying with the provisions of AS 06.20.050. |
https://law.justia.com/codes/alaska/title-6/chapter-20/article-1/section-06-20-090/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 20. Alaska Small Loans Act›Article 1. Licensing.›Sec. 06.20.090. Places of business. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 20. Alaska Small Loans Act › Article 1. Licensing. › Sec. 06.20.090. Places of business. | (a) A licensee may maintain only one place of business under a single office license, or up to 10 places of business under each multiple office license. The department may issue more than one license to the same licensee upon compliance with the provisions of this chapter governing the original issuance of a license.
(... |
https://law.justia.com/codes/alaska/title-6/chapter-20/article-1/section-06-20-100/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 20. Alaska Small Loans Act›Article 1. Licensing.›Sec. 06.20.100. New bond. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 20. Alaska Small Loans Act › Article 1. Licensing. › Sec. 06.20.100. New bond. | On or before December 20 of each year, each licensee shall file a new bond that complies with AS 06.20.050. |
https://law.justia.com/codes/alaska/title-6/chapter-20/article-2/section-06-20-110/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 20. Alaska Small Loans Act›Article 2. Revocation, Suspension, Surrender, and Reinstatement of Licenses.›Sec. 06.20.110. Grounds for revocation of license. | 2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 20. Alaska Small Loans Act › Article 2. Revocation, Suspension, Surrender, and Reinstatement of Licenses. › Sec. 06.20.110. Grounds for revocation of license. | The department shall, under the Administrative Procedure Act (AS 44.62), revoke any license issued under this chapter if it finds that
(1) the licensee has failed to pay the annual license fee or to maintain the required bond in effect or has failed to comply with any lawful demand, ruling, or requirement of the depart... |
Subsets and Splits
Unemployment Word Count by State
Calculates the total word count of documents related to unemployment in each state, revealing insights into the volume of unemployment-related content by location.
CO Title 8 Word Count
Calculates the total number of words in the content of entries related to 'Title 8' in Colorado, providing insight into the volume of text data available for that specific category and state.