A bank may not pay directly or indirectly a fee, commission, or bonus of any kind for its promotion and organization or for securing a subscription to the original capital or to any increase in capital. However, this section does not prohibit the payment of reasonable compensation for legal, accounting, and econometric services, or payments to a securities broker-dealer registered under AS 45.55 for services that have been performed in connection with the sale of bank securities.
Section: Previous 06.05.310 06.05.315 06.05.320 06.05.325 06.05.327 06.05.330 06.05.335 06.05.340 06.05.342 06.05.344 06.05.345 06.05.350 06.05.355 06.05.360 06.05.365 NextLast modified: November 15, 2016