Alaska Stat. § 10.10.140
This is the official text of Alaska Stat. § 10.10.140, 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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Designation of depository; prohibition against receiving deposits.
Official statutory text
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.
Status: in_force · Read it on the official government site
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