Alaska Statutes 06.05.231 – Bank service corporations
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 06.05.231
- 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
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- department: means the Department of Commerce, Community, and Economic Development. See Alaska Statutes 06.05.990
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
- surplus: includes amounts paid in for stock in excess of the par value of the stock, which are generally called capital surplus or paid-in surplus, plus any amounts transferred to the account from undivided profits, which are generally called earned surplus. See Alaska Statutes 06.05.990
- undivided profits: means the accumulated, undistributed net profit of a bank, including any residue after
(A) provision for payment of taxes and expenses of operations. See Alaska Statutes 06.05.990 - writing: includes printing. See Alaska Statutes 01.10.060