In providing authority for the establishment of mutual savings banks it is the intent of the legislature to make available the benefits of mutual savings banking, thereby encouraging the practice of thrift and promoting the accumulation of funds for investment to develop the economy. For the accomplishment of these purposes, the legislature intends by this chapter to vest in mutual banks those powers generally possessed by state-chartered mutual savings banks and to grant authority to the Department of Commerce, Community, and Economic Development to define powers and to adopt regulations designed to enable mutual savings banks to perform their functions and to carry out the above purposes, subject to the provisions of AS 06.05 (Alaska Banking Code) that are not inconsistent with this chapter.
Section: 06.15.010 06.15.020 06.15.030 06.15.040 06.15.050 06.15.060 06.15.070 06.15.080 06.15.090 06.15.100 06.15.105 06.15.110 06.15.120 06.15.130 06.15.140 NextLast modified: November 15, 2016