{"data":{"id":"us-ak/as-06.05.550","jurisdiction":"us-ak","citation":"AS 06.05.550","heading":"Authority of international bank, interstate state bank, or interstate national bank to branch.","body":"(a) An international bank, an interstate state bank, or an interstate national bank whose deposits are insured by the Federal Deposit Insurance Corporation may acquire a branch bank as the result of a merger or consolidation of the international bank, interstate state bank, or interstate national bank with, or the purchase of all or substantially all of the assets of, a state bank, a national bank with its principal office in this state, or a branch of the state bank or national bank, unless the state bank or national bank is a recently formed bank.\n(b) An international bank may establish a new branch bank in this state or acquire a recently formed bank if the department approves the establishment or acquisition before the establishment or acquisition occurs. An interstate state bank or interstate national bank may not establish a branch bank in this state unless the establishment occurs through an acquisition under (a) of this section of a bank located in the state. An interstate state bank or interstate national bank may not establish a new branch bank in this state.\n(c) An interstate state bank, interstate national bank, or international bank that opens, occupies, or maintains a branch bank in the state has the same powers under the laws of the state as a state or national bank of the same type.","path":["Title 6. Banks and Financial Institutions.","Chapter 05. Alaska Banking Code.","Article 7. International and Interstate Banks and Out-of-State Bank Holding Companies and Depository Institutions; Relationship with In-State Depository Institutions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.05.550","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"fdf480afaa7e4b4c56148eda1475e822fb492ec0a0076ab3d1dee1aaa9414040","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.05.548","next":"us-ak/as-06.05.555"},"notice":"GroundRules: Original legal text. Not legal advice."}