Alaska Stat. § 06.05.310
This is the official text of Alaska Stat. § 06.05.310, 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.
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Correction of impairment of capital.
Official statutory text
If the department determines that the order is necessary for the protection of depositors, the department may issue an order under AS 06.01.030 to require a state bank to increase its capital accounts or to reduce its deposits. In making a decision whether to issue an order under this section, the department shall consider the (1) quality of management;
(2) quality and liquidity of assets;
(3) history of earnings and retention of earnings;
(4) quality and character of ownership;
(5) potential volatility of deposit structure;
(6) quality and cost of bank operations; and
(7) capacity to meet present and future needs of the area served, considering the bank's competition.
(2) quality and liquidity of assets;
(3) history of earnings and retention of earnings;
(4) quality and character of ownership;
(5) potential volatility of deposit structure;
(6) quality and cost of bank operations; and
(7) capacity to meet present and future needs of the area served, considering the bank's competition.
Status: in_force · Read it on the official government site
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