Section 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 by the department.
   (b)   [Repealed, Sec. 102 ch 26 SLA 1993]. 
   (c)   [Repealed, Sec. 102 ch 26 SLA 1993]. 
   (d) If the reserve fund of a bank falls below the amount required by the department to be maintained under this section, the department may prohibit the bank from making any new loans or other investments or paying any dividends until the bank's reserve fund has been restored to the amount required under this section.

Authorities

6.05.265; 6.05.565

Notes

Implemented As

3 AAC 02.110

References

AS 6.05.265 .265">Sec. 06.05.265. Liability of directors for certain loans.
AS 6.05.565 .565">Sec. 06.05.565. Applicability of title to interstate state banks, interstate national banks, international banks, and bank holding companies.

History

(Sec. 3.160 ch 129 SLA 1951; am Sec. 4 ch 230 SLA 1968; am Sec. 9, 10 ch 169 SLA 1978; am Sec. 23, 24, 102 ch 26 SLA 1993)