Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 5. Alaska Banking Code
Section 245. Disposition of Property Not Needed in the Conduct of a Banking Business.
previous: Section 240. Acquisition of Property to Satisfy or Protect Previous Loan.
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AS 06.05.245. Disposition of Property Not Needed in the Conduct of a Banking Business.

All investments in real and personal property, regardless of how acquired, not permitted under AS 06.05.230 that come into the possession of a state bank shall be disposed of as soon as possible. If the real or personal property is not sold within the time limit set by the department in regulations, it shall be written off and may not be carried as an asset of the state bank.

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