Alaska Statutes
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 transaction must be approved by the department.

Structure Alaska Statutes