Alaska Statutes (Last Updated: January 11, 2017) |
Title 06. BANKS AND FINANCIAL INSTITUTIONS. |
Chapter 06.05. ALASKA BANKING CODE. |
Article 06.05.03. RESERVES, LOANS, INVESTMENTS, BANK SERVICE CORPORATIONS, PRACTICES, AND SERVICES. |
Section 06.05.265. Liability of directors for certain loans.
Latest version.
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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 for the loan.
Notes
History
(Sec. 3.162 ch 129 SLA 1951)