(a) Except for national banks with a principal place of business in the state, and interstate state banks and international banks with a certificate of authority under Alaska Stat. § 06.05.555, a corporation may not engage in the banking business unless the corporation is organized under Alaska Stat. Chapter 10.06 (Alaska Corporations Code) and this title.

Terms Used In Alaska Statutes 06.05.301

  • 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
  • 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.
  • 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
(b) The provisions of Alaska Stat. Chapter 10.06 (Alaska Corporations Code) apply to state banks, except those provisions inconsistent with this chapter. The provisions inconsistent with this chapter include Alaska Stat. § 10.06.010(4) – (8), 10.06.105(a)and(d), 10.06.325, 10.06.356, 10.06.358 – 10.06.360, 10.06.370, 10.06.385 – 10.06.388, 10.06.420(i), 10.06.430, 10.06.453, 10.06.460(b), 10.06.485, 10.06.522 – 10.06.868, 10.06.915, 10.06.960, and 10.06.990(31)and(37).
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