- Alaska Statutes.
- Title 44. State Government
- Chapter 81. Commercial Fishing and Agriculture Bank
- Section 260. Confidentiality of Records.
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AS 44.81.260. Confidentiality of Records.
- (a) The records of the bank that are identified with, or identifiable as being derived from the records of, a specific
borrower, member of the bank, or applicant for a loan are confidential and may not be disclosed by the bank or by its
directors, officers, employees, or agents to a person other than the directors, officers, employees, or agents of the
- (1) when required by a federal or state statute;
- (2) under AS 44.81.270
- (3) under a search warrant issued under federal law or the law of this state;
- (4) under a subpoena or court order issued in a civil action under federal law or the law of this state;
- (5) under a subpoena or court order issued in connection with a proceeding before a federal grand jury or grand jury of
- (6) under a summons or subpoena issued by an agency or a department of the United States or this state, or an officer,
employee, or agent of the agency or department;
- (7) under a request by a financial institution, if the request is solely for the stated written purpose of determining the
credit worthiness of a member or borrower as an applicant for credit, and if the information disclosed by the bank
pertains only to the payment history of the member or borrower;
- (8) under a request by a lender that has extended or is considering extending credit to the bank if the credit is or may
be secured by the pledge of a loan by the bank;
- (9) when disclosed to the attorney general of the United States or to a law enforcement agency of this state if the
records may be relevant to a report or investigation of a possible violation of federal law or a law of this state.
- (b) The records of the bank that are not subject to (a) of this section may be kept confidential by the bank, subject to
the exceptions listed in (a)(1) - (5) of this section.
- (c) Notwithstanding (a) - (b) of this section, a borrower, a member of the bank, or an applicant for a loan may authorize
the bank in writing to disclose records provided to the bank by the borrower, member, or applicant.
- (d) In this section,
- (1) "member" includes past and present members;
- (2) "records" means financial and other records, including information known to have been derived from the records, in any
form, including original documents and copies.
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