Alaska Statutes 06.05.320 – Bank purchases of own shares
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 06.05.320
- 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
- department: means the Department of Commerce, Community, and Economic Development. See Alaska Statutes 06.05.990
Except in accordance with written approval of the department, a bank may not purchase its own capital stock.