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Code · Alaska · Title 6 · Chapter 5

Sec. 06.05.340. Certain remuneration prohibited.

82 words·~1 min read·/ak/title-6/chapter-5/06-05-340

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Sec. 06.05.340. Certain remuneration prohibited.
A bank may not pay directly or indirectly a fee, commission, or bonus of any kind for its promotion and organization or for securing a subscription to the original capital or to any increase in capital. However, this section does not prohibit the payment of reasonable compensation for legal, accounting, and econometric services, or payments to a securities broker-dealer registered under AS 45.56 for services that have been performed in connection with the sale of bank securities.
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