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§ 06-05-310 — Alaska Law | CourtGPT
  1. Home/
  2. Laws/
  3. Alaska/
  4. Title 6 - Banks and Financial Institutions/
  5. Chapter 05 - Alaska Banking Code/
  6. Article 4 - Organization, Incorporation, Certification, Capital Structure, and General Powers, Limitations, and Requirements.sec. 06.05.301. Applicability of Corporations Code/
  7. § 06-05-310
Alaska Legal Code

§ 06-05-310

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If the department determines that the order is necessary for the protection of depositors, the department may issue an order under AS 06.01.030 to require a state bank to increase its capital accounts or to reduce its deposits. In making a decision whether to issue an order under this section, the department shall consider the (1) quality of management; (2) quality and liquidity of assets; (3) history of earnings and retention of earnings; (4) quality and character of ownership; (5) potential volatility of deposit structure; (6) quality and cost of bank operations; and (7) capacity to meet present and future needs of the area served, considering the bank's competition.