{"data":{"id":"us-ak/as-06.05.345","jurisdiction":"us-ak","citation":"AS 06.05.345","heading":"Articles of incorporation.","body":"(a) In addition to those items required under AS 10.06.208, the articles of incorporation of a state bank must specify\n(1) the judicial district in which the bank is to be located and the community where the bank is to conduct its principal place of business;\n(2) the amount of its capital stock, which shall be divided into shares having a par value of not less than $1 each;\n(3) that there will be at least five but no more than 25 directors; and\n(4) the period for which the bank is organized, if limited.\n(b) [Repealed, § 102 ch 26 SLA 1993.]\n(c) [Repealed, § 102 ch 26 SLA 1993.]\n(d) [Repealed, § 102 ch 26 SLA 1993.]\n(e) [Repealed, § 102 ch 26 SLA 1993.]\n(f) [Repealed, § 102 ch 26 SLA 1993.]\n(g) [Repealed, § 102 ch 26 SLA 1993.]\n(h) [Repealed, § 102 ch 26 SLA 1993.]\n(i) [Repealed, § 102 ch 26 SLA 1993.]\n(j) [Repealed, § 102 ch 26 SLA 1993.]\n(k) [Repealed, § 102 ch 26 SLA 1993.]\n(l) A bank may amend its articles of incorporation in a manner consistent with its articles and bylaws, AS 10.06, and this chapter by a vote of its shareholders representing at least a majority of the capital at a regular meeting or at a special meeting called for the purpose.","path":["Title 6. Banks and Financial Institutions.","Chapter 05. Alaska Banking Code.","Article 4. Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.05.345","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"8aad24d457f775c6474c47268f79bbeed4dd39aad55af3527d27d301012fab80","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.05.344","next":"us-ak/as-06.05.350"},"notice":"GroundRules: Original legal text. Not legal advice."}