Section 3 AAC 02.175 - Change in control of a bank holding company(a) Before a change of ownership may occur in the outstanding voting shares of a domestic bank holding company that will result in a change of control, the transaction must be approved by the department.(b) If a change of ownership occurs or is about to occur in the outstanding voting shares of an out-of-state bank holding company, and the change results in or will result in a change of control, the transaction must be reported by the out-of-state bank holding company to the department immediately, but not later than the end of the next state business day.Eff. 7/31/69, Register 31; am 4/6/79, Register 70; am 1/10/94, Register 129Authority:AS 06.05.005(a)
AS 06.05.235
AS 06.05.570