Section 06.05.327. Change in outstanding voting shares.

Latest version.

Before a change may occur in the outstanding voting shares of a state bank that will result in a change in the control of the bank, or before any sales or transfers by or to a person, corporation or other legal entity of the aggregate of 10 percent or more of the voting shares of a state bank may be made, the transaction must be approved by the department.

Authorities

6.05.005

Notes

References

AS 6.05.005 .005">Sec. 06.05.005. Powers of department.

History

(Sec. 12 ch 230 SLA 1968; am Sec. 53 ch 26 SLA 1993)

                    
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