{"data":{"id":"us-ak/as-06.15.240","jurisdiction":"us-ak","citation":"AS 06.15.240","heading":"Investments authorized.","body":"(a) In addition to loans and acquisitions expressly authorized by this chapter, a mutual bank may deal in, underwrite, and invest in for its own account the obligations that the department by regulation authorizes the bank to deal in, underwrite, or invest in for its own account.\n(b) If a mutual bank does not assume responsibility for the risk of nonperformance or nonpayment of a security, the bank may purchase or sell the security upon the order of a customer and for the customer's account.","path":["Title 6. Banks and Financial Institutions.","Chapter 15. Mutual Savings Bank Act.","Article 2. Banking Practices."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.15.240","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"3f8520bec052dee62165d0c5cb8d5849489a47d023bf87f4b974e0bbdbe89c8d","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.15.230","next":"us-ak/as-06.15.250"},"notice":"GroundRules: Original legal text. Not legal advice."}