Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 5. Alaska Banking Code
Section 327. Change in Outstanding Voting Shares.
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AS 06.05.327. Change in Outstanding Voting Shares.

Before a change may occur in the outstanding voting shares of a state bank that will result in a change in the control of the bank, or before any sales or transfers by or to a person, corporation or other legal entity of the aggregate of 10 percent or more of the voting shares of a state bank may be made, the transaction must be approved by the department.

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