The corporators shall elect a board of trustees from among their number, consisting of not less than seven nor more than 25, or one-half of all the corporators minus one, whichever is less. A majority of the trustees shall be residents of this state.
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 15. Mutual Savings Bank Act
Article 1. Formation and Management of Mutual Banks.
Sec. 06.15.010. Declaration of policy.
Sec. 06.15.020. Chartering of mutual banks.
Sec. 06.15.030. Issuance of charter.
Sec. 06.15.040. Qualification of corporators.
Sec. 06.15.070. Terms of trustees.
Sec. 06.15.080. Management and control of mutual bank; bylaws.
Sec. 06.15.090. Failure to attend meetings.
Sec. 06.15.100. Prohibited conduct of trustees.
Sec. 06.15.105. Trustee borrowing.
Sec. 06.15.110. Trustee as officer or attorney.