{"data":{"id":"us-ak/as-06.05.237","jurisdiction":"us-ak","citation":"AS 06.05.237","heading":"Financial holding companies.","body":"Notwithstanding the provisions of AS 06.05.235 and regulations adopted under that section, a holding company formed under this title may apply to the Federal Reserve System for status as a financial holding company. If the status is granted, the financial holding company has powers as a financial holding company authorized by the Federal Reserve System if\n(1) at the time of application, the holding company provides the department with a complete copy of the application;\n(2) the holding company provides the department with copies of all correspondence concerning the application;\n(3) the holding company provides the department with a copy of the approval by the Federal Reserve System within 10 days after the holding company receives the approval; and\n(4) the department does not issue a letter denying financial holding company status within 30 days after the approval by the Federal Reserve System.","path":["Title 6. Banks and Financial Institutions.","Chapter 05. Alaska Banking Code.","Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.05.237","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"ed9de191b7b3aca8272e8e6eef7175eaf0036f12b5bd5bce36677136d452ea80","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.05.235","next":"us-ak/as-06.05.238"},"notice":"GroundRules: Original legal text. Not legal advice."}