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Article 1. Department Powers, Bank Reports, Prohibited Interests, and Department Standards.
Sec. 06.05.005. Powers of department. - (a) The department shall (1) exercise general supervision over all...
Sec. 06.05.045. Bank reports to the department. - (a) Each state bank shall make at least four reports...
Sec. 06.05.050. Publication of reports. - (a) Condensed forms of all reports of condition required by...
Sec. 06.05.065. Financial institution interest of department officers and employees. - (a) A bank examiner of the department who deals with...
Sec. 06.05.075. Standards. - The department, in the exercise of its authority under this...
Article 2. Banking Practices.
Sec. 06.05.090. Certification of checks. - (a) The check of a depositor may not be certified...
Sec. 06.05.095. Payment of items. - If the balance in an account subject to withdrawal by...
Sec. 06.05.100. Deposit of minor or person under disability. - Where a deposit is made in a bank by or...
Sec. 06.05.120. Notice of charges. - A bank or other financial institution that levies a charge...
Sec. 06.05.145. Adverse claim to bank deposit. - Notice to a bank of an adverse claim to a...
Sec. 06.05.160. Transmitting money and foreign exchange. - A bank may accept for transmission and transmit money, and...
Sec. 06.05.166. Legal holidays and closings. - (a) A bank organized under or doing business under the...
Sec. 06.05.180. Fiduciary and other powers authorized. - Every bank organized under this chapter, subject to the restrictions...
Sec. 06.05.197. Nominees. - (a) A state or national bank or a trust company,...
Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.
Sec. 06.05.200. Reserves against deposits. - (a) A bank shall maintain a reserve fund sufficient to...
Sec. 06.05.205. Loans and extensions of credit. - (a) The total loans and extensions of credit by a...
Sec. 06.05.207. Real estate loans. - (a) A bank may, subject to the requirements of this...
Sec. 06.05.209. Credit cards. - (a) A bank is not prohibited from issuing unsolicited credit...
Sec. 06.05.210. Loans to directors, officers, and employees. - (a) Subject to the same terms and conditions applicable to...
Sec. 06.05.211. Loans secured by forest tracts. - (a) A bank may, subject to the requirements of this...
Sec. 06.05.212. Overdrafts. - (a) A director, officer, or employee of a state bank...
Sec. 06.05.215. Liability of directors and officers for certain loans. - A director, executive officer, managing officer, or issuing officer of...
Sec. 06.05.225. Application of other laws to loans insured under national housing act. - The laws of the state prescribing or limiting interest rates...
Sec. 06.05.230. Investment in property and banking premises. - A bank may acquire, purchase, hold, and convey real and...
Sec. 06.05.231. Bank service corporations. - (a) A bank may invest not more than 10 percent...
Sec. 06.05.235. Bank holding companies. - (a) Except as provided in this section or in AS...
Sec. 06.05.237. Financial holding companies. - Notwithstanding the provisions of AS 06.05.235 and regulations adopted under...
Sec. 06.05.240. Acquisition of property to satisfy or protect previous loan. - A state bank may take property of any kind to...
Sec. 06.05.245. Disposition of property. - All investments in real and personal property, regardless of how...
Sec. 06.05.255. Borrowing. - (a) The aggregate amount of outstanding liabilities of a state...
Sec. 06.05.260. Pledge, assignment, and transfer of assets. - (a) A bank may not give preference to a depositor...
Sec. 06.05.262. Assumption of liability. - Except as expressly permitted in this chapter, a state bank...
Sec. 06.05.270. Investments and customer securities. - (a) In addition to loans and acquisitions expressly authorized by...
Sec. 06.05.272. Bank subsidiaries. - (a) A state bank may purchase or establish, and operate,...
Sec. 06.05.275. Trade and bank acceptances. - (a) [Repealed, § 102 ch 26 SLA 1993.] (b) A...
Sec. 06.05.277. Providing services as agent. - (a) If a state bank complies with this section and...
Sec. 06.05.280. Fees connected with obtaining mortgage loans. - (a) [Repealed, § 102 ch 26 SLA 1993.] (b) [Repealed,...
Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.
Sec. 06.05.301. Applicability of corporations code. - (a) Except for national banks with a principal place of...
Sec. 06.05.305. Capital structure. - (a) A corporation may not commence and operate a banking...
Sec. 06.05.307. Capital notes or debentures. - (a) A bank organized under the laws of this state...
Sec. 06.05.310. Correction of impairment of capital. - If the department determines that the order is necessary for...
Sec. 06.05.320. Bank purchases of own shares. - Except in accordance with written approval of the department, a...
Sec. 06.05.327. Change in outstanding voting shares. - Before a change may occur in the outstanding voting shares...
Sec. 06.05.340. Certain remuneration prohibited. - A bank may not pay directly or indirectly a fee,...
Sec. 06.05.342. Subscriptions for shares. - (a) Subscription agreements and accompanying prospectuses or offering circulars, whether...
Sec. 06.05.344. Application for approval of state bank. - (a) Before the department issues a certificate of incorporation under...
Sec. 06.05.345. Articles of incorporation. - (a) In addition to those items required under AS 10.06.208,...
Sec. 06.05.350. Certificate of authority. - (a) At any time after receiving a certificate of incorporation,...
Sec. 06.05.355. Deposit insurance required. - (a) The department shall require a state bank, at the...
Sec. 06.05.385. Organizational meeting; bylaws. - (a) A state bank may not call an organizational meeting...
Sec. 06.05.399. Changes of location; branch banks. - A state bank may apply for and establish a branch...
Sec. 06.05.426. Automated teller machines. - (a) A state bank may establish, maintain, and operate an...
Article 5. Conduct of Corporate Affairs.
Sec. 06.05.435. Directors. - (a) The affairs of every bank incorporated under this chapter...
Sec. 06.05.437. Officers. - (a) The officers of a bank shall be chosen by...
Sec. 06.05.438. Directors, meetings, and duties. - (a) The board of directors of each bank shall hold...
Sec. 06.05.440. Authority to declare dividends. - The directors of a bank transacting business in the state...
Sec. 06.05.441. Conditions precedent to dividend declaration and payment. - (a) Before a bank dividend is declared or the net...
Sec. 06.05.442. Excess losses; restoration of surplus; payment of dividends. - A loss sustained by a bank in excess of its...
Sec. 06.05.445. Net undivided profits and dividends. - (a) A bank may not declare or pay a dividend...
Sec. 06.05.450. Shareholders list. - Each bank shall keep a record of the name and...
Sec. 06.05.462. Conversions, mergers, and consolidations. - (a) A national bank located in the state may convert...
Article 6. Dissolution, Reorganization, Liquidation, and Department Possession.
Sec. 06.05.466. Dissolution before commencement of business. - If the department discovers, after it approves the articles of...
Sec. 06.05.468. Department takeover. - (a) A state bank may be closed and the department...
Sec. 06.05.470. Department in possession. - (a) [Repealed, § 102 ch 26 SLA 1993.] (b) When...
Sec. 06.05.471. Reorganization. - (a) If the department decides to reorganize a state bank,...
Sec. 06.05.472. Liquidation. - (a) In liquidating a state bank, the department may exercise...
Sec. 06.05.473. Claims. - (a) As soon as practical after beginning the liquidation of...
Sec. 06.05.474. Federal Deposit Insurance Corporation as receiver or liquidator. - The department may appoint the Federal Deposit Insurance Corporation as...
Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions.
Sec. 06.05.548. Concentration of deposits. - (a) Unless expressly otherwise allowed under this title, an acquisition,...
Sec. 06.05.550. Authority of international bank, interstate state bank, or interstate national bank to branch. - (a) An international bank, an interstate state bank, or an...
Sec. 06.05.555. Certificate of authority for interstate state bank and international bank branching. - (a) Before acquiring a branch bank under AS 06.05.550(a) or...
Sec. 06.05.557. Notice filing for interstate national banks. - An interstate national bank acquiring a branch in this state...
Sec. 06.05.560. Asset requirements for international banks. - (a) An international bank that operates one or more branch...
Sec. 06.05.565. Applicability of title to interstate state banks, interstate national banks, international banks, and bank holding companies. - (a) An interstate state bank or international bank operating a...
Sec. 06.05.570. Out-of-state bank holding companies. - (a) An out-of-state bank holding company may acquire and own...
Article 8. General Provisions.
Sec. 06.05.900. Copies of records for child support purposes. - If a copy of a record concerning an individual who...
Sec. 06.05.910. Construction with subsequent legislation. - No part of this chapter shall be considered to be...
Sec. 06.05.990. Definitions. - In this chapter, unless the context otherwise requires, (1) “automated...
Sec. 06.05.995. Short title. - This chapter may be cited as the Alaska Banking Code.