(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 into shares having a par value of not less than $1 each;
(3) that there will be at least five but no more than 25 directors; and
(4) the period for which the bank is organized, if limited.
(b) [Repealed, § 102 ch 26 SLA 1993.]
(c) [Repealed, § 102 ch 26 SLA 1993.]
(d) [Repealed, § 102 ch 26 SLA 1993.]
(e) [Repealed, § 102 ch 26 SLA 1993.]
(f) [Repealed, § 102 ch 26 SLA 1993.]
(g) [Repealed, § 102 ch 26 SLA 1993.]
(h) [Repealed, § 102 ch 26 SLA 1993.]
(i) [Repealed, § 102 ch 26 SLA 1993.]
(j) [Repealed, § 102 ch 26 SLA 1993.]
(k) [Repealed, § 102 ch 26 SLA 1993.]
(l) A bank may amend its articles of incorporation in a manner consistent with its articles and bylaws, AS 10.06, and this chapter by a vote of its shareholders representing at least a majority of the capital at a regular meeting or at a special meeting called for the purpose.
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.