(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 this title.
(b) The provisions of AS 10.06 (Alaska Corporations Code) apply to state banks, except those provisions inconsistent with this chapter. The provisions inconsistent with this chapter include AS 10.06.010(4) - (8), 10.06.105(a) and (d), 10.06.325, 10.06.356, 10.06.358 - 10.06.360, 10.06.370, 10.06.385 - 10.06.388, 10.06.420(i), 10.06.430, 10.06.453, 10.06.460(b), 10.06.485, 10.06.522 - 10.06.868, 10.06.915, 10.06.960, and 10.06.990(30) and (38).
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 05. Alaska Banking Code
Sec. 06.05.301. Applicability of corporations code.
Sec. 06.05.305. Capital structure.
Sec. 06.05.307. Capital notes or debentures.
Sec. 06.05.310. Correction of impairment of capital.
Sec. 06.05.320. Bank purchases of own shares.
Sec. 06.05.327. Change in outstanding voting shares.
Sec. 06.05.340. Certain remuneration prohibited.
Sec. 06.05.342. Subscriptions for shares.
Sec. 06.05.344. Application for approval of state bank.
Sec. 06.05.345. Articles of incorporation.
Sec. 06.05.350. Certificate of authority.
Sec. 06.05.355. Deposit insurance required.
Sec. 06.05.385. Organizational meeting; bylaws.