Section 06.05.310. Correction of impairment of capital.

If the department determines that the order is necessary for the protection of depositors, the department may issue an order under AS 06.01.030 to require a state bank to increase its capital accounts or to reduce its deposits. In making a decision whether to issue an order under this section, the department shall consider the
        (1) quality of management;
        (2) quality and liquidity of assets;
        (3) history of earnings and retention of earnings;
        (4) quality and character of ownership;
        (5) potential volatility of deposit structure;
        (6) quality and cost of bank operations; and
        (7) capacity to meet present and future needs of the area served, considering the bank's competition.

Notes

History

(Sec. 3.203 ch 129 SLA 1951; am Sec. 23 ch 169 SLA 1978; am Sec. 51 ch 26 SLA 1993)