GroundRules
AS 06.05.327: Change in outstanding voting shares.
Where this section sits in the code
- Title 6. Banks and Financial Institutions.
- Chapter 05. Alaska Banking Code.
- Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.
Before a change may occur in the outstanding voting shares of a state bank that will result in a change in the control of the bank, or before any sales or transfers by or to a person, corporation or other legal entity of the aggregate of 10 percent or more of the voting shares of a state bank may be made, the transaction must be approved by the department.
Collected 2026-09-02T06:16:15Z. Source file · JSON