If the department discovers, after it approves the articles of incorporation for a bank but before it issues a certificate of authority to the bank, a reason why a bank should not have been incorporated, or if a certificate of authority is not issued within the later of one year after the issuance of the certificate of incorporation or the time the department allows for satisfaction of conditions precedent to the issuance of a certificate of authority, the bank shall voluntarily dissolve under AS 10.06.605 - 10.06.625 or may be involuntarily dissolved by the department under AS 10.06.633 .
Section: Previous 06.05.465 06.05.466 06.05.468 06.05.470 06.05.471 06.05.472 06.05.473 06.05.474 06.05.475 06.05.480 06.05.515 06.05.520 06.05.532 06.05.535 06.05.537 NextLast modified: November 15, 2016