Alaska Statutes 06.05.075 – Standards
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 06.05.075
- banking: means performing activities that
(A) include, at a minimum, soliciting, receiving, or accepting money or its equivalent on deposit, whether the deposit is made subject to a check or is evidenced by a certificate of deposit, passbook, note, receipt, or other writing. See Alaska Statutes 06.05.990 - department: means the Department of Commerce, Community, and Economic Development. See Alaska Statutes 06.05.990
The department, in the exercise of its authority under this chapter, shall act in the interests of promoting and maintaining a sound and competitive banking system, the security of deposits and customers, the liquid position of banks, and the prevention of injurious credit expansions and contractions.