Sec. 06.05.045. Bank reports to the department.

199 words·~1 min read·/ak/title-6/chapter-5/06-05-045·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Each state bank shall make at least four reports of condition each year to the department on days designated by, and on forms prescribed by, the department. The report shall be signed by a duly authorized officer of the bank and shall be signed by at least three directors who certify under penalty of unsworn falsification in the second degree under AS 11.56.210 that they, and each of them, have personal knowledge of the facts stated in the report and that the facts are true. The reports must exhibit in detail and under appropriate heads the resources and liabilities of the bank and must be received by the department within 30 calendar days after the end of the period covered by the report.

(b)The department may require special reports from a bank whenever in its judgment they are necessary in order to obtain a full knowledge of its condition.

(c)Each state bank shall make at least one report of income and dividends to the department each year. The report shall be submitted to the department within 30 days following the end of the calendar year covered in the report.