Alaska § 06.05.272 - Bank subsidiaries.
Full text of Alaska Alaska Statutes § 06.05.272 — Bank subsidiaries., with citation guidance and answers to common questions.
§ 06.05.272. Bank subsidiaries.
(a) A state bank may purchase or establish, and operate, one or more subsidiaries engaged in any of the following activities, if the subsidiary has the necessary licenses and permits and the operation is not detrimental to the bank's business: (1) real property ownership, development, and leasing;
(2) securities brokerage;
(3) other activities authorized in regulations adopted under this section; or
(4) other activities approved by the department.
(b) Under this section, a state bank's total investment in its subsidiaries may not exceed that which is permissible for a federally chartered bank's total investment in all subsidiaries as set out in 12 U.S.C. 24a, as amended. Loans to subsidiaries are considered investments subject to the limitations of this subsection.
(c) A subsidiary of a state bank is subject to examination by the department as part of the examination of the bank under AS 06.01.015 .
(d) [Repealed, § 55 ch 75 SLA 2002.]
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 06.05.272
What does Alaska Statutes § 06.05.272 cover?
Section 06.05.272 ("Bank subsidiaries.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 06.05.272?
A common citation format is "Alaska Statutes § 06.05.272" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 06.05.272 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.