(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 (b) [Repealed, § 102 ch 26 SLA 1993.] (c) [Repealed, § 102 ch 26 SLA 1993.] (d) [Repealed, § 102 ch 26 SLA 1993.] (e) [Repealed, § 102 ch 26 SLA 1993.] (f) [Repealed, § 102 ch 26 SLA 1993.] (g) [Repealed, § 102 ch 26 SLA 1993.] (h) [Repealed, § 102 ch 26 SLA 1993.] (i) [Repealed, § 102 ch 26 SLA 1993.] (j) [Repealed, § 102 ch 26 SLA 1993.] (k) [Repealed, § 102 ch 26 SLA 1993.]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.
Alaska Legal Code