Section 06.10.030. Filing statement.

Latest version.

Before engaging in this state in any of the activities specified in AS 06.10.020, a foreign bank shall execute and file with the commissioner of commerce, community, and economic development a statement. The statement shall list its name, state of incorporation or organization and principal place of business and shall appoint irrevocably the commissioner of commerce, community, and economic development and the commissioner's successors its agents upon whom may be served process against it in any proceeding or cause of action arising out of its engaging in this state in any of the activities referred to in AS 06.10.020. Until the statement  is filed the immunities provided by this chapter do not become operative, but failure to file the statement has no other effect.

Notes

Recent Bills that will modify this

HB 362 TRANSFER DUTIES: COMMERCE TO REVENUE

History

(Sec. 4 ch 113 SLA 1960; am Sec. 20 ch 218 SLA 1976)

                    
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