Alaska Statutes
Chapter 45. Alaska Credit Union Act
Sec. 06.45.230. Exemption from taxation.

A credit union organized under this chapter, its property, franchises, capital, reserves, surpluses, and other funds, and its income are exempt from taxation by the state or a political subdivision of the state, except that real property and tangible personal property owned by a credit union is subject to taxation to the same extent that similar property is taxed. This section does not prevent holdings in a credit union organized under this chapter from being included in the valuation of the personal property of the owners or holders under taxes imposed by the state or a political subdivision of the state.

Structure Alaska Statutes

Alaska Statutes

Title 6. Banks and Financial Institutions

Chapter 45. Alaska Credit Union Act

Sec. 06.45.010. Responsibility of commissioner.

Sec. 06.45.020. Formation of credit union.

Sec. 06.45.030. Approval of articles of incorporation and issuance of certificate of authority.

Sec. 06.45.040. Fees.

Sec. 06.45.050. Reports and examinations.

Sec. 06.45.060. Powers of a credit union; remedy for interest violations.

Sec. 06.45.070. Membership.

Sec. 06.45.080. Meetings of members.

Sec. 06.45.090. Management of credit union.

Sec. 06.45.100. Compensation.

Sec. 06.45.110. Executive officers.

Sec. 06.45.120. Board of directors.

Sec. 06.45.130. Applications for membership.

Sec. 06.45.140. Powers and duties of credit committee.

Sec. 06.45.150. Loan restriction.

Sec. 06.45.160. Security.

Sec. 06.45.170. Powers and duties of supervisory committee; suspension of committee members.

Sec. 06.45.180. Reserves.

Sec. 06.45.190. Dividends.

Sec. 06.45.200. Expulsion and withdrawal of members.

Sec. 06.45.210. Minors or trusts.

Sec. 06.45.220. Suspension, conditional operation, and liquidation.

Sec. 06.45.230. Exemption from taxation.

Sec. 06.45.240. Conversions.

Sec. 06.45.250. Insurance of member accounts.

Sec. 06.45.260. Liquidity facility participation.

Sec. 06.45.270. Conflict of interest.

Sec. 06.45.280. Merger.

Sec. 06.45.290. Branch offices.

Sec. 06.45.295. Automated teller machines.

Sec. 06.45.300. Unauthorized conduct of credit union business.

Sec. 06.45.310. Transfer of credit union's property to preferred creditor is void.

Sec. 06.45.340. Limitations on credit unions.

Sec. 06.45.400. Definitions.