Except in accordance with written approval of the department, a bank may not purchase its own capital stock.
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.