Alaska Stat. § 06.05.270
This is the official text of Alaska Stat. § 06.05.270, part of Alaska’s Stat — part of the compiled statutory law of Alaska, published by the state as "Stat." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Investments and customer securities.
Official statutory text
(a) In addition to loans and acquisitions expressly authorized by this chapter, a state bank may deal in, underwrite, and invest in for its own account the obligations that the department by regulation authorizes the bank to deal in, underwrite, or invest in for its own account.
(b) [Repealed, § 102 ch 26 SLA 1993.] (c) A state bank may purchase or sell, without recourse, any security upon the order of a customer and for the customer's account.
(b) [Repealed, § 102 ch 26 SLA 1993.] (c) A state bank may purchase or sell, without recourse, any security upon the order of a customer and for the customer's account.
Status: reserved · Read it on the official government site
Need a lawyer in Alaska?
Find a Alaska lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.