GroundRules
AS 06.15.320: Merger and consolidation of mutual banks.
Where this section sits in the code
- Title 6. Banks and Financial Institutions.
- Chapter 15. Mutual Savings Bank Act.
- Article 3. Branches, Conversion, Merger, and Consolidation.
Two or more mutual banks may, with the approval of the department, and upon the affirmative vote of not less than two-thirds of the corporators of each such mutual bank, enter into an agreement of merger or consolidation. Thereafter the merger or consolidation shall be effective under the terms of the agreement.
Collected 2026-09-02T06:16:15Z. Source file · JSON