Alaska Stat. § 10.10.140
Current through Chapter 26 of the Legislative Session (excluding Chapter 21)
The corporation may not deposit any of its funds in a banking institution unless the institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of a director who is an officer or director of the depository. The corporation may not receive money on deposit.
AS 10.10.140