(a) In addition to those items required under Alaska Stat. § 10.06.208, the articles of incorporation of a state bank must specify

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Terms Used In Alaska Statutes 06.05.345

  • bank: means a person doing a banking business, including persons subject to the law of this or another jurisdiction. See Alaska Statutes 06.05.990
  • capital: means the amount of outstanding common stock plus outstanding and perpetual preferred stock. See Alaska Statutes 06.05.990
  • community: means a city, town, unincorporated village, or, in the absence of one of the foregoing, a trade area. See Alaska Statutes 06.05.990
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(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;
(2) the amount of its capital stock, which shall be divided into shares having a par value of not less than $1 each;
(3) that there will be at least five but no more than 25 directors; and
(4) the period for which the bank is organized, if limited.
(b)[Repealed, Sec. 102 ch 26 SLA 1993].
(c)[Repealed, Sec. 102 ch 26 SLA 1993].
(d)[Repealed, Sec. 102 ch 26 SLA 1993].
(e)[Repealed, Sec. 102 ch 26 SLA 1993].
(f)[Repealed, Sec. 102 ch 26 SLA 1993].
(g)[Repealed, Sec. 102 ch 26 SLA 1993].
(h)[Repealed, Sec. 102 ch 26 SLA 1993].
(i)[Repealed, Sec. 102 ch 26 SLA 1993].
(j)[Repealed, Sec. 102 ch 26 SLA 1993].
(k)[Repealed, Sec. 102 ch 26 SLA 1993].
(l) A bank may amend its articles of incorporation in a manner consistent with its articles and bylaws, Alaska Stat. Chapter 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.
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