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- Alaska Statutes.
- Title 6. Banks and Financial Institutions
- Chapter 5. Alaska Banking Code
- Section 272. Bank Subsidiaries.
previous: Section 270
. Investments and Customer Securities.
next: Section 275
. Trade and Bank Acceptances.
AS 06.05.272. Bank Subsidiaries.
- (a) A state bank may purchase or establish, and operate, one or more subsidiaries engaged in any of the following
activities, if the subsidiary has the necessary licenses and permits and the operation is not detrimental to the bank's
- (1) real property ownership, development, and leasing;
- (2) securities brokerage;
- (3) other activities authorized in regulations adopted under this section; or
- (4) other activities approved by the department.
- (b) Under this section, a state bank's total investment in its subsidiaries may not exceed that which is permissible for a
federally chartered bank's total investment in all subsidiaries as set out in 12 U.S.C. 24a, as amended. Loans to
subsidiaries are considered investments subject to the limitations of this subsection.
- (c) A subsidiary of a state bank is subject to examination by the department as part of the examination of the bank under
- (d) [Repealed, Sec. 55 ch 75 SLA 2002].
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