(a) A bank shall maintain a reserve fund sufficient to maintain liquidity and meet all reasonable demands of depositors, as provided in regulations adopted by the department.

Terms Used In Alaska Statutes 06.05.200

  • 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
  • department: means the Department of Commerce, Community, and Economic Development. See Alaska Statutes 06.05.990
(b)[Repealed, Sec. 102 ch 26 SLA 1993].
(c)[Repealed, Sec. 102 ch 26 SLA 1993].
(d) If the reserve fund of a bank falls below the amount required by the department to be maintained under this section, the department may prohibit the bank from making any new loans or other investments or paying any dividends until the bank’s reserve fund has been restored to the amount required under this section.
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