Alaska Statutes (Last Updated: January 11, 2017) |
Title 06. BANKS AND FINANCIAL INSTITUTIONS. |
Chapter 06.45. ALASKA CREDIT UNION ACT. |
Section 06.45.340. Limitations on credit unions.
Latest version.
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A credit union may not acquire control directly or indirectly of another financial institution or invest in shares, stocks, or obligations of an insurance company, trade association, liquidity facility, or any other similar organization, corporation, or association except as expressly provided by this chapter.
Notes
History
(Sec. 2 ch 47 SLA 1980)