(a) A state bank may not call an organizational meeting under AS 10.06.223 until all capital and surplus have been fully paid.
(b) Bylaws shall be adopted and may be amended by a vote of the holders of a majority of the outstanding voting shares voted at a meeting of the shareholders. If not provided in the articles of incorporation, the bylaws must indicate the organizational structure of the bank and specifically designate the offices that will be held by the executive or managing officers of the bank. The bank shall file with the department copies of the original bylaws of the bank and any amendments adopted for the bylaws.
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.