(a) In addition to those items required under AS 10.06.208 , the articles of incorporation of a state bank must specify
(1) the judicial district in which the bank is to be located and the community where the bank is to conduct its principal place of business;
(2) the amount of its capital stock, which shall be divided into shares having a par value of not less than $1 each;
(3) that there will be at least five but no more than 25 directors; and
(4) the period for which the bank is organized, if limited.
(b) [Repealed, Sec. 102 ch 26 SLA 1993].
(c) [Repealed, Sec. 102 ch 26 SLA 1993].
(d) [Repealed, Sec. 102 ch 26 SLA 1993].
(e) [Repealed, Sec. 102 ch 26 SLA 1993].
(f) [Repealed, Sec. 102 ch 26 SLA 1993].
(g) [Repealed, Sec. 102 ch 26 SLA 1993].
(h) [Repealed, Sec. 102 ch 26 SLA 1993].
(i) [Repealed, Sec. 102 ch 26 SLA 1993].
(j) [Repealed, Sec. 102 ch 26 SLA 1993].
(k) [Repealed, Sec. 102 ch 26 SLA 1993].
(l) A bank may amend its articles of incorporation in a manner consistent with its articles and bylaws, AS 10.06, and this chapter by a vote of its shareholders representing at least a majority of the capital at a regular meeting or at a special meeting called for the purpose.
Section: Previous 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 06.05.367 06.05.370 06.05.380 NextLast modified: November 15, 2016