Sec. 06.05.345. Articles of incorporation.
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Sec. 06.05.345. Articles of incorporation.
(a)In addition to those items required under AS 10.06.208 , the articles of incorporation of a state bank must specify
(1)the judicial district in which the bank is to be located and the community where the bank is to conduct its principal place of business;
(2)the amount of its capital stock, which shall be divided into shares having a par value of not less than $1 each;
(3)that there will be at least five but no more than 25 directors; and
(4)the period for which the bank is organized, if limited.
(b)[Repealed, § 102 ch 26 SLA 1993.]
(c)[Repealed, § 102 ch 26 SLA 1993.]
(d)[Repealed, § 102 ch 26 SLA 1993.]
(e)[Repealed, § 102 ch 26 SLA 1993.]
(f)[Repealed, § 102 ch 26 SLA 1993.]
(g)[Repealed, § 102 ch 26 SLA 1993.]
(h)[Repealed, § 102 ch 26 SLA 1993.]
(i)[Repealed, § 102 ch 26 SLA 1993.]
(j)[Repealed, § 102 ch 26 SLA 1993.]
(k)[Repealed, § 102 ch 26 SLA 1993.]
(l)A bank may amend its articles of incorporation in a manner consistent with its articles and bylaws, AS 10.06 , and this chapter by a vote of its shareholders representing at least a majority of the capital at a regular meeting or at a special meeting called for the purpose.