{"data":{"id":"us-ak/as-06.15.070","jurisdiction":"us-ak","citation":"AS 06.15.070","heading":"Terms of trustees.","body":"The corporators shall, by a majority vote of those present at their organizational meeting, elect a board of trustees in the following manner: one-third for a term of one year; one-third for a term of two years; and one-third for a term of three years. Thereafter trustees shall be elected to serve for a term of three years. The office of any trustee becomes vacant if the trustee ceases to hold office as a corporator.","path":["Title 6. Banks and Financial Institutions.","Chapter 15. Mutual Savings Bank Act."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.15.070","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"6743485be312c3e6e5e9290c29db3b96d5455653f5899392661cf0233591ac51","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.15.060","next":"us-ak/as-06.15.080"},"notice":"GroundRules: Original legal text. Not legal advice."}