Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 45. Alaska Credit Union Act
Section 340. Limitations On Credit Unions.
previous: Section 320. , 06.45.330. Unlawful Deceit of Commissioner or Examiners; Receipt of Deposits While Insolvent. [Repealed, Sec. 102 Ch 26 SLA 1993].
next: Section 400. Definitions.

AS 06.45.340. Limitations On Credit Unions.

A credit union may not acquire control directly or indirectly of another financial institution or invest in shares, stocks, or obligations of an insurance company, trade association, liquidity facility, or any other similar organization, corporation, or association except as expressly provided by this chapter.

All content © 2008 by Touch N' Go/Bright Solutions, Inc.

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.