GroundRules
AS 06.05.340: Certain remuneration prohibited.
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.
A bank may not pay directly or indirectly a fee, commission, or bonus of any kind for its promotion and organization or for securing a subscription to the original capital or to any increase in capital. However, this section does not prohibit the payment of reasonable compensation for legal, accounting, and econometric services, or payments to a securities broker-dealer registered under AS 45.56 for services that have been performed in connection with the sale of bank securities.
Collected 2026-09-02T06:16:15Z. Source file · JSON