(a) A state bank may not call an organizational meeting under AS 10.06.223 until all capital and surplus have been fully paid.
(b) Bylaws shall be adopted and may be amended by a vote of the holders of a majority of the outstanding voting shares voted at a meeting of the shareholders. If not provided in the articles of incorporation, the bylaws must indicate the organizational structure of the bank and specifically designate the offices that will be held by the executive or managing officers of the bank. The bank shall file with the department copies of the original bylaws of the bank and any amendments adopted for the bylaws.
Section: Previous 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 06.05.385 06.05.390 06.05.399 06.05.400-06.05.425 06.05.426 NextLast modified: November 15, 2016