Alaska Statutes Sec. 10.10.140 - Designation of Depository; Prohibition Against Receiving Deposits

The corporation may not deposit any of its funds in a banking institution unless the institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of a director who is an officer or director of the depository. The corporation may not receive money on deposit.

Section: Previous  10.10.070  10.10.080  10.10.090  10.10.100  10.10.110  10.10.120  10.10.130  10.10.140  10.10.150  10.10.160  10.10.170  10.10.180  10.10.185  10.10.190  10.10.200  Next

Last modified: November 15, 2016