Section 06.05.345. Articles of incorporation.

   (a) In addition to those items required under AS 10.06.208, the articles of incorporation of a state bank must specify
        (1) the judicial district in which the bank is to be located and the community where the bank is to conduct its principal place of business;
        (2) the amount of its capital stock, which shall be divided into shares having a par value of not less than $1 each;
        (3) that there will be at least five but no more than 25 directors; and
        (4) the period for which the bank is organized, if limited.
   (b)   [Repealed, Sec. 102 ch 26 SLA 1993]. 
   (c)   [Repealed, Sec. 102 ch 26 SLA 1993]. 
   (d)   [Repealed, Sec. 102 ch 26 SLA 1993]. 
   (e)   [Repealed, Sec. 102 ch 26 SLA 1993]. 
   (f)   [Repealed, Sec. 102 ch 26 SLA 1993]. 
   (g)   [Repealed, Sec. 102 ch 26 SLA 1993]. 
   (h)   [Repealed, Sec. 102 ch 26 SLA 1993]. 
   (i)   [Repealed, Sec. 102 ch 26 SLA 1993]. 
   (j)   [Repealed, Sec. 102 ch 26 SLA 1993]. 
   (k)   [Repealed, Sec. 102 ch 26 SLA 1993]. 
   (l) A bank may amend its articles of incorporation in a manner consistent with its articles and bylaws, AS 10.06, and this chapter by a vote of its shareholders representing at least a majority of the capital at a regular meeting or at a special meeting called for the purpose.

Notes

Implemented As

3 AAC 02.209
3 AAC 02.212
3 AAC 02.320

References

3 AAC 02.320

History

(Sec. 3.210 ch 129 SLA 1951; am Sec. 1 ch 74 SLA 1962; am Sec. 2 ch 2 SLA 1964; am Sec. 13 ch 230 SLA 1968; am Sec. 11 ch 157 SLA 1970; am Sec. 26 ch 169 SLA 1978; am Sec. 56, 57, 102 ch 26 SLA 1993)