Title 06 — Banks and Financial Institutions
16 chapters · 580 sections in this title.
AS 06.05.472 Liquidation.
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(a) In liquidating a state bank, the department may exercise any power incidental to liquidating a bank, but it may not, without the approval of the superior court, (1) sell an asset of the bank having an appraised value in excess of $100,000; (2) compromise or release a claim th…
AS 06.05.473 Claims.
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(a) As soon as practical after beginning the liquidation of a state bank, the department shall (1) mail notice of the liquidation proceedings to the last known post office address of each depositor, creditor, lessee of a safe deposit box, or bailor of property; (2) post notice of…
AS 06.05.474 Federal Deposit Insurance Corporation as receiver or liquidator.
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The department may appoint the Federal Deposit Insurance Corporation as receiver for a state bank that the department has taken possession of, if the deposits of the bank are insured by that corporation. Upon filing with the court a certificate indicating the acceptance of the ap…
AS 06.05.475 Subrogation of rights of depositors. [Repealed, § 54 ch 169 SLA 1978.]
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[Repealed or reserved.]
AS 06.05.480 Secs. 06.05.480 — 06.05.510. Prohibited practices. [Repealed, § 102 ch 26 SLA 1993.]
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[Repealed or reserved.]
AS 06.05.515 Slander and libel of bank. [Repealed, § 21 ch 166 SLA 1978.]
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[Repealed or reserved.]
AS 06.05.520 Secs. 06.05.520 — 06.05.530. Penalty; injunction; effect on existing banks. [Repealed, § 102 ch 26 SLA 1993.]
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[Repealed or reserved.]
AS 06.05.532 [Renumbered as AS 06.05.548.]
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[Repealed or reserved.]
AS 06.05.535 [Renumbered as AS 06.05.910.]
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[Repealed or reserved.]
AS 06.05.537 [Renumbered as AS 06.05.900.]
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[Repealed or reserved.]
AS 06.05.540 [Renumbered as AS 06.05.990.]
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[Repealed or reserved.]
AS 06.05.545 [Renumbered as AS 06.05.995.]
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Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions.
AS 06.05.548 Concentration of deposits.
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(a) Unless expressly otherwise allowed under this title, an acquisition, a merger, or an ownership transaction is not permitted between a depository institution in this state and a depository institution in another state, if upon consummation of the acquisition, merger, or transa…
AS 06.05.550 Authority of international bank, interstate state bank, or interstate national bank to branch.
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(a) An international bank, an interstate state bank, or an interstate national bank whose deposits are insured by the Federal Deposit Insurance Corporation may acquire a branch bank as the result of a merger or consolidation of the international bank, interstate state bank, or in…
AS 06.05.555 Certificate of authority for interstate state bank and international bank branching.
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(a) Before acquiring a branch bank under AS 06.05.550(a) or establishing a branch bank under AS 06.05.550(b), an interstate state bank or international bank shall file an application with the department for and receive a certificate of authority to operate a branch bank. The appl…
AS 06.05.557 Notice filing for interstate national banks.
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An interstate national bank acquiring a branch in this state under AS 06.05.550 shall file a notice of the acquisition with the department along with a copy of the application filed with the agency that primarily regulates the interstate national bank. The notice and copy of the …
AS 06.05.560 Asset requirements for international banks.
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(a) An international bank that operates one or more branch banks in the state shall maintain in the state assets in an amount acceptable to the department, except that the amount may not be less than the amount of deposits payable at or through the branch banks. (b) The departmen…
AS 06.05.565 Applicability of title to interstate state banks, interstate national banks, international banks, and bank holding companies.
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(a) An interstate state bank or international bank operating a branch bank in the state is subject to the provisions of this title and the regulations adopted and orders issued under this title, except for the residency requirements in AS 06.05.435(a). (b) In meeting the reserve …
AS 06.05.570 Out-of-state bank holding companies.
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Article 8. General Provisions. (a) An out-of-state bank holding company may acquire and own all or a portion of the voting securities or other capital stock of, or all or substantially all of the assets of, one or more state banks, domestic bank holding companies, or national ban…
AS 06.05.900 Copies of records for child support purposes.
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If a copy of a record concerning an individual who owes or is owed child support, including a record concerning assets and liabilities of the individual, prepared or maintained by a bank of this state is requested by the child support services agency established in AS 25.27.010 o…
AS 06.05.910 Construction with subsequent legislation.
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No part of this chapter shall be considered to be impliedly repealed by subsequent legislation not specifically repealing it if that construction can be avoided.
AS 06.05.990 Definitions.
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In this chapter, unless the context otherwise requires, (1) “automated teller machine,” means a staffed or unstaffed electronic device or terminal that permits a bank customer to accomplish various financial transactions, including depositing or withdrawing funds, making loans, a…
AS 06.05.995 Short title.
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This chapter may be cited as the Alaska Banking Code.