Alaska Statutes (Last Updated: January 11, 2017) |
Title 06. BANKS AND FINANCIAL INSTITUTIONS. |
Chapter 06.15. MUTUAL SAVINGS BANK ACT. |
Article 06.15.03. BRANCHES, CONVERSION, MERGER, AND CONSOLIDATION. |
Section 06.15.330. Condition of department approval.
Latest version.
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Before approving a merger or consolidation the department shall give consideration to the purposes of this chapter and the prospects of the surviving or consolidated mutual bank for financial success and its ability to discharge the duties and conform to the restrictions imposed upon a mutual bank.
Notes
History
(Sec. 14 b ch 132 SLA 1960)