(a) A bank shall maintain a reserve fund sufficient to maintain liquidity and meet all reasonable demands of depositors, as provided in regulations adopted by the department.
(b) [Repealed, § 102 ch 26 SLA 1993.]
(c) [Repealed, § 102 ch 26 SLA 1993.]
(d) If the reserve fund of a bank falls below the amount required by the department to be maintained under this section, the department may prohibit the bank from making any new loans or other investments or paying any dividends until the bank's reserve fund has been restored to the amount required under this section.
Structure 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. 06.05.200. Reserves against deposits.
Sec. 06.05.205. Loans and extensions of credit.
Sec. 06.05.207. Real estate loans.
Sec. 06.05.210. Loans to directors, officers, and employees.
Sec. 06.05.211. Loans secured by forest tracts.
Sec. 06.05.215. Liability of directors and officers for certain loans.
Sec. 06.05.225. Application of other laws to loans insured under national housing act.
Sec. 06.05.230. Investment in property and banking premises.
Sec. 06.05.231. Bank service corporations.
Sec. 06.05.235. Bank holding companies.
Sec. 06.05.237. Financial holding companies.
Sec. 06.05.240. Acquisition of property to satisfy or protect previous loan.
Sec. 06.05.245. Disposition of property.
Sec. 06.05.260. Pledge, assignment, and transfer of assets.
Sec. 06.05.262. Assumption of liability.
Sec. 06.05.270. Investments and customer securities.
Sec. 06.05.272. Bank subsidiaries.
Sec. 06.05.275. Trade and bank acceptances.
Sec. 06.05.277. Providing services as agent.
Sec. 06.05.280. Fees connected with obtaining mortgage loans.