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Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 15. Mutual Savings Bank Act
Section 330. Condition of Department Approval.
previous: Section 320. Merger and Consolidation of Mutual Banks.
next: Section 340. Transfer and Exercise of Rights.

AS 06.15.330. Condition of Department Approval.

Before approving a merger or consolidation the department shall give consideration to the purposes of this chapter and the prospects of the surviving or consolidated mutual bank for financial success and its ability to discharge the duties and conform to the restrictions imposed upon a mutual bank.

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Last modified 9/3/2005