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Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 5. Alaska Banking Code
Section 265. Liability of Directors For Certain Loans.
previous: Section 262. Assumption of Liability.
next: Section 270. Investments and Customer Securities.

AS 06.05.265. Liability of Directors For Certain Loans.

A loan in violation of AS 06.05.200 - 06.05.260 makes the officers and directors of the bank jointly and severally liable to the bank for the loan.


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Last modified 9/3/2005