Alaska Statutes Title 06, Chapter 06.05, Article 03 - Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services

• Sec. 06.05.200 Reserves Against Deposits.
  (a) A bank shall maintain a reserve fund sufficient to maintain liquidity and meet all reasonable demands of depositors, as provided in regulations adopted...
• Sec. 06.05.205 Loans and Extensions of Credit.
  (a) The total loans and extensions of credit by a state bank to a person outstanding at one time and not fully secured, as...
• Sec. 06.05.206 Leasehold and Development Loans. [Repealed, Sec. 102 Ch 26 Sla 1993].
  Repealed or Renumbered
• Sec. 06.05.207 Real Estate Loans.
  (a) A bank may, subject to the requirements of this chapter, make or acquire a loan secured primarily by a first lien on an...
• Sec. 06.05.208 Revolving Credit Plans. [Repealed, Sec. 102 Ch 26 Sla 1993].
  Repealed or Renumbered
• Sec. 06.05.209 Credit Cards.
  (a) A bank is not prohibited from issuing unsolicited credit cards or other similar credit granting devices but the bank may not hold the...
• Sec. 06.05.210 Loans to Directors, Officers, and Employees.
  (a) Subject to the same terms and conditions applicable to other loans, a director or executive officer of a state bank may borrow up...
• Sec. 06.05.211 Loans Secured by Forest Tracts.
  (a) A bank may, subject to the requirements of this chapter, make or acquire a loan secured by a first lien on a forest...
• Sec. 06.05.212 Overdrafts.
  (a) A director, officer, or employee of a state bank may not knowingly, wilfully, and persistently overdraw the director's, officer's, or employee's account or...
• Sec. 06.05.215 Liability of Directors and Officers for Certain Loans.
  A director, executive officer, managing officer, or issuing officer of a state bank who knowingly or with gross negligence approves or permits the funds...
• Sec. 06.05.220 Loans Under Title I of the National Housing Act. [Repealed, Sec. 102 Ch 26 Sla 1993].
  Repealed or Renumbered
• Sec. 06.05.225 Application of Other Laws to Loans Insured Under National Housing Act.
  The laws of the state prescribing or limiting interest rates upon loans do not apply to loans insured under 12 U.S.C. 1706c (National Housing
• Sec. 06.05.230 Investment in Property and Banking Premises.
  A bank may acquire, purchase, hold, and convey real and personal property for the following purposes only:(1) that which is necessary for the convenient...
• Sec. 06.05.231 Bank Service Corporations.
  (a) A bank may invest not more than 10 percent of its paid-in and unimpaired capital and surplus in a bank service corporation if(1)...
• Sec. 06.05.232 Leasing of Real and Personal Property. [Repealed, Sec. 102 Ch 26 Sla 1993].
  Repealed or Renumbered
• Sec. 06.05.235 Bank Holding Companies.
  (a) Except as provided in this section or in AS 06.05.570 , it is unlawful for a person to own, control, or hold with...
• Sec. 06.05.237 Financial Holding Companies.
  Notwithstanding the provisions of AS 06.05.235 and regulations adopted under that section, a holding company formed under this title may apply to the Federal...
• Sec. 06.05.238 Required Directors' Meetings and Statements to the Department. [Repealed, Sec. 102 Ch 26 Sla 1993].
  Repealed or Renumbered
• Sec. 06.05.240 Acquisition of Property to Satisfy or Protect Previous Loan.
  A state bank may take property of any kind to satisfy or protect a loan previously made in good faith and in the ordinary...
• Sec. 06.05.245 Disposition of Property Not Needed in the Conduct of a Banking Business.
  All investments in real and personal property, regardless of how acquired, not permitted under AS 06.05.230 that come into the possession of a state...
• Sec. 06.05.250 Limitation on Cost of Banking Premises. [Repealed, Sec. 10 Ch 63 Sla 1969].
  Repealed or Renumbered
• Sec. 06.05.255 Borrowing.
  (a) The aggregate amount of outstanding liabilities of a state bank for money borrowed exclusive of (1) capital notes and debentures issued under AS...
• Sec. 06.05.260 Pledge, Assignment, and Transfer of Assets.
  (a) A bank may not give preference to a depositor or creditor by pledging any of the assets of a bank as collateral security...
• Sec. 06.05.262 Assumption of Liability.
  Except as expressly permitted in this chapter, a state bank may not assume liability as an insurer or as a guarantor or endorser of...
• Sec. 06.05.265 Liability of Directors for Certain Loans.
  A loan in violation of AS 06.05.200 - 06.05.260 makes the officers and directors of the bank jointly and severally liable to the bank...
• Sec. 06.05.270 Investments and Customer Securities.
  (a) In addition to loans and acquisitions expressly authorized by this chapter, a state bank may deal in, underwrite, and invest in for its...
• Sec. 06.05.272 Bank Subsidiaries.
  (a) A state bank may purchase or establish, and operate, one or more subsidiaries engaged in any of the following activities, if the subsidiary...
• Sec. 06.05.275 Trade and Bank Acceptances.
  (a) [Repealed, Sec. 102 ch 26 SLA 1993]. (b) A bank may discount, invest in, negotiate, and issue trade acceptances and bank acceptances if(1)...
• Sec. 06.05.277 Providing Services As Agent.
  (a) If a state bank complies with this section and if the department approves the provision of the services under this section, the state...
• Sec. 06.05.280 Fees Connected With Obtaining Mortgage Loans.
  (a) [Repealed, Sec. 102 ch 26 SLA 1993]. (b) [Repealed, Sec. 102 ch 26 SLA 1993]. (c) A director, officer, or employee of a...

Last modified: November 15, 2016