Alaska Stat. § 06.15.180

Current through Chapter 3 of the 2024 Legislative Session
Section 06.15.180 - Borrowing

The aggregate amount of outstanding liabilities of a mutual bank for money borrowed may not at any time exceed 15 percent of the total assets of the mutual bank unless the department approves a larger percentage of the total assets of the mutual bank.

AS 06.15.180

Amended by SLA 2022, ch. 20,sec. 14, eff. 6/29/2022.