Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 45. Alaska Credit Union Act

Sec. 06.45.010. Responsibility of commissioner. - (a) The commissioner shall administer this chapter. (b) The commissioner...

Sec. 06.45.020. Formation of credit union. - (a) Seven or more natural persons who desire to form...

Sec. 06.45.030. Approval of articles of incorporation and issuance of certificate of authority. - (a) The articles of incorporation shall be presented to the...

Sec. 06.45.040. Fees. - (a) The commissioner shall assess a credit union a fee...

Sec. 06.45.050. Reports and examinations. - A credit union organized under this chapter is under the...

Sec. 06.45.060. Powers of a credit union; remedy for interest violations. - (a) A credit union has succession in its corporate name...

Sec. 06.45.070. Membership. - Credit union membership consists of the incorporators and other persons...

Sec. 06.45.080. Meetings of members. - The fiscal year of a credit union ends December 31....

Sec. 06.45.090. Management of credit union. - (a) The business affairs of a credit union are managed...

Sec. 06.45.100. Compensation. - A member of the board of directors or of the...

Sec. 06.45.110. Executive officers. - (a) At its first meeting after the annual meeting of...

Sec. 06.45.120. Board of directors. - (a) The board of directors shall meet at least once...

Sec. 06.45.130. Applications for membership. - (a) The board of directors shall establish procedures for the...

Sec. 06.45.140. Powers and duties of credit committee. - (a) The credit committee shall hold meetings to consider applications...

Sec. 06.45.150. Loan restriction. - A loan may not be made to a member if,...

Sec. 06.45.160. Security. - For the purposes of loans made under this chapter, an...

Sec. 06.45.170. Powers and duties of supervisory committee; suspension of committee members. - (a) The supervisory committee shall conduct an annual audit of...

Sec. 06.45.180. Reserves. - (a) At the end of each accounting period the gross...

Sec. 06.45.190. Dividends. - At intervals as the board of directors may authorize and...

Sec. 06.45.200. Expulsion and withdrawal of members. - A member may be expelled by a two-thirds vote of...

Sec. 06.45.210. Minors or trusts. - Shares of a credit union may be issued in the...

Sec. 06.45.220. Suspension, conditional operation, and liquidation. - (a) The commissioner, upon a finding that the credit union...

Sec. 06.45.230. Exemption from taxation. - A credit union organized under this chapter, its property, franchises,...

Sec. 06.45.240. Conversions. - (a) A federal credit union may convert into a credit...

Sec. 06.45.250. Insurance of member accounts. - A credit union organized under this chapter shall, under regulations...

Sec. 06.45.260. Liquidity facility participation. - A credit union organized under this chapter may, under regulations...

Sec. 06.45.270. Conflict of interest. - (a) A member of the board of directors or a...

Sec. 06.45.280. Merger. - (a) A credit union may merge with another credit union...

Sec. 06.45.290. Branch offices. - A credit union may establish a branch office under regulations...

Sec. 06.45.295. Automated teller machines. - (a) A state credit union may establish, maintain, and operate...

Sec. 06.45.300. Unauthorized conduct of credit union business. - It is a class A misdemeanor for a natural person...

Sec. 06.45.310. Transfer of credit union's property to preferred creditor is void. - The transfer of property, money, or assets by a credit...

Sec. 06.45.340. Limitations on credit unions. - A credit union may not acquire control directly or indirectly...

Sec. 06.45.400. Definitions. - In this chapter, (1) “commissioner” means the commissioner of commerce,...