Alaska Statutes 06.45.340 – Limitations on credit unions
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 06.45.340
- 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.
A credit union may not acquire control directly or indirectly of another financial institution or invest in shares, stocks, or obligations of an insurance company, trade association, liquidity facility, or any other similar organization, corporation, or association except as expressly provided by this chapter.