Alaska Statutes 06.05.310 – Correction of impairment of capital
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If the department determines that the order is necessary for the protection of depositors, the department may issue an order under Alaska Stat. § 06.01.030 to require a state bank to increase its capital accounts or to reduce its deposits. In making a decision whether to issue an order under this section, the department shall consider the
Terms Used In Alaska Statutes 06.05.310
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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 accounts: includes capital, surplus, undivided profits, and capital notes and debentures not maturing within one year from the date of the loan. See Alaska Statutes 06.05.990
- department: means the Department of Commerce, Community, and Economic Development. 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