Alaska Banking Code

Alaska · Banks and Financial Institutions · §§ 06.05.005 to 06.05.995 · 113 sections

Overview

This act provides the general framework for the regulation and supervision of banks by a state banking department. It establishes the department's powers, the reports banks must file and publish, and restrictions on the financial interests of department officers and employees, and it sets rules for core banking operations such as certification of checks, payment of items, deposits held for minors and persons under disability, adverse claims to deposits, notice of account charges, legal holidays and closings, and the transmission of money and foreign exchange. It also governs lending and investment activity, covering reserves against deposits, limits and conditions on loans and extensions of credit including real estate loans, credit cards, overdrafts, and loans to directors, officers, and employees, along with fiduciary and nominee powers, bank service corporations, investment in property and banking premises, the acquisition and disposition of property taken to protect a prior loan, and the treatment of bank and financial holding companies.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

AS 06.05.005Powers of department
AS 06.05.010Notice and hearing. [Repealed, § 54 ch 169 SLA 1978. For current law, see AS 06.01.030.]
AS 06.05.045Bank reports to the department
AS 06.05.050Publication of reports
AS 06.05.065Financial institution interest of department officers and employees
AS 06.05.070Preservation of bank records. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.075Standards
AS 06.05.090Certification of checks
AS 06.05.095Payment of items
AS 06.05.100Deposit of minor or person under disability
AS 06.05.120Notice of charges
AS 06.05.130Final adjustment of statements of account. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.145Adverse claim to bank deposit
AS 06.05.160Transmitting money and foreign exchange
AS 06.05.165Optional five-day week. [Repealed, § 1 ch 56 SLA 1971.]
AS 06.05.166Legal holidays and closings
AS 06.05.175Depositor and customer records confidential. [Repealed, § 55 ch 75 SLA 2002.]
AS 06.05.180Fiduciary and other powers authorized
AS 06.05.197Nominees
AS 06.05.200Reserves against deposits
AS 06.05.205Loans and extensions of credit
AS 06.05.206Leasehold and development loans. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.207Real estate loans
AS 06.05.208Revolving credit plans. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.209Credit cards
AS 06.05.210Loans to directors, officers, and employees
AS 06.05.211Loans secured by forest tracts
AS 06.05.212Overdrafts
AS 06.05.215Liability of directors and officers for certain loans
AS 06.05.220Loans under Title I of the National Housing Act. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.225Application of other laws to loans insured under national housing act
AS 06.05.230Investment in property and banking premises
AS 06.05.231Bank service corporations
AS 06.05.232Leasing of real and personal property. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.235Bank holding companies
AS 06.05.237Financial holding companies
AS 06.05.238Required directors' meetings and statements to the department. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.240Acquisition of property to satisfy or protect previous loan
AS 06.05.245Disposition of property
AS 06.05.250Limitation on cost of banking premises. [Repealed, § 10 ch 63 SLA 1969.]
AS 06.05.255Borrowing
AS 06.05.260Pledge, assignment, and transfer of assets
AS 06.05.262Assumption of liability
AS 06.05.265Liability of directors for certain loans
AS 06.05.270Investments and customer securities
AS 06.05.272Bank subsidiaries
AS 06.05.275Trade and bank acceptances
AS 06.05.277Providing services as agent
AS 06.05.280Fees connected with obtaining mortgage loans
AS 06.05.300General corporate powers. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.301Applicability of corporations code
AS 06.05.305Capital structure
AS 06.05.307Capital notes or debentures
AS 06.05.310Correction of impairment of capital
AS 06.05.315Double stockholder liability. [Repealed, § 54 ch 169 SLA 1978.]
AS 06.05.320Bank purchases of own shares
AS 06.05.325Bank stock as personalty. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.327Change in outstanding voting shares
AS 06.05.330Incorporators. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.335Notice of intention to incorporate, establish branch bank or relocate. [Repealed, § 54 ch 169 SLA 1978.]
AS 06.05.340Certain remuneration prohibited
AS 06.05.342Subscriptions for shares
AS 06.05.344Application for approval of state bank
AS 06.05.345Articles of incorporation
AS 06.05.350Certificate of authority
AS 06.05.355Deposit insurance required
AS 06.05.360Foreign persons engaged in banking. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.365Application for charter. [Repealed, § 54 ch 169 SLA 1978.]
AS 06.05.367Banks of foreign nationals engaging in a banking business in the state. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.380Affidavit of capital paid in. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.385Organizational meeting; bylaws
AS 06.05.399Changes of location; branch banks
AS 06.05.426Automated teller machines
AS 06.05.430Meetings of stockholders. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.435Directors
AS 06.05.437Officers
AS 06.05.438Directors, meetings, and duties
AS 06.05.440Authority to declare dividends
AS 06.05.441Conditions precedent to dividend declaration and payment
AS 06.05.442Excess losses; restoration of surplus; payment of dividends
AS 06.05.443Limitation on dividends. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.445Net undivided profits and dividends
AS 06.05.450Shareholders list
AS 06.05.455Deposit insurance. [Repealed, § 54 ch 169 SLA 1978.]
AS 06.05.460Report upon inactive deposit accounts. [Repealed, § 14 ch 133 SLA 1986.]
AS 06.05.462Conversions, mergers, and consolidations
AS 06.05.463[Renumbered as AS 06.05.120.]
AS 06.05.465Voluntary liquidation; requirements for approval. [Repealed, § 102 ch 26 SLA 1993.]
AS 06.05.466Dissolution before commencement of business
AS 06.05.468Department takeover
AS 06.05.470Department in possession
AS 06.05.471Reorganization
AS 06.05.472Liquidation
AS 06.05.473Claims
AS 06.05.474Federal Deposit Insurance Corporation as receiver or liquidator
AS 06.05.475Subrogation of rights of depositors. [Repealed, § 54 ch 169 SLA 1978.]
AS 06.05.515Slander and libel of bank. [Repealed, § 21 ch 166 SLA 1978.]
AS 06.05.532[Renumbered as AS 06.05.548.]
AS 06.05.535[Renumbered as AS 06.05.910.]
AS 06.05.537[Renumbered as AS 06.05.900.]
AS 06.05.540[Renumbered as AS 06.05.990.]
AS 06.05.545[Renumbered as AS 06.05.995.]
AS 06.05.548Concentration of deposits
AS 06.05.550Authority of international bank, interstate state bank, or interstate national bank to branch
AS 06.05.555Certificate of authority for interstate state bank and international bank branching
AS 06.05.557Notice filing for interstate national banks
AS 06.05.560Asset requirements for international banks
AS 06.05.565Applicability of title to interstate state banks, interstate national banks, international banks, and bank holding companies
AS 06.05.570Out-of-state bank holding companies
AS 06.05.900Copies of records for child support purposes
AS 06.05.910Construction with subsequent legislation
AS 06.05.990Definitions
AS 06.05.995Short title

Enacted in other states

Alabama, Arkansas, Colorado, Oklahoma

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