GroundRules
AS 06.05.270: Investments and customer securities.
Where this section sits in the code
- Title 6. Banks and Financial Institutions.
- Chapter 05. Alaska Banking Code.
- Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.
(a) In addition to loans and acquisitions expressly authorized by this chapter, a state bank may deal in, underwrite, and invest in for its own account the obligations that the department by regulation authorizes the bank to deal in, underwrite, or invest in for its own account.
(b) [Repealed, § 102 ch 26 SLA 1993.]
(c) A state bank may purchase or sell, without recourse, any security upon the order of a customer and for the customer's account.
Collected 2026-09-02T06:16:15Z. Source file · JSON