Section 06.15.030. Issuance of charter.

Latest version.

A charter shall be issued if the department finds that a mutual bank will serve a useful purpose in the community in which it is proposed to be established, that there is reasonable expectation of its financial success, and that its operation will not unduly injure existing banking institutions.

Notes

Implemented As

3 AAC 06.210

History

(Sec. 4 b ch 132 SLA 1960)

                    
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