A mutual bank may borrow from any source and in any manner amounts without limit that are required to satisfy its obligations to its depositors. It may borrow for other purposes an aggregate outstanding amount not to exceed
(1) five percent of its total assets at the time of borrowing, exclusive of any sums borrowed under AS 06.15.140 - 06.15.170;
(2) 15 percent of its total assets if borrowing from the Federal Home Loan Bank.
Section: Previous 06.15.150 06.15.160 06.15.170 06.15.180 06.15.190 06.15.210 06.15.220 06.15.230 06.15.240 06.15.250 06.15.260 06.15.270 06.15.280 NextLast modified: November 15, 2016