Alaska § 06.05.310 - Correction of impairment of capital.
Full text of Alaska Alaska Statutes § 06.05.310 — Correction of impairment of capital., with citation guidance and answers to common questions.
§ 06.05.310. Correction of impairment of capital.
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.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 06.05.310
What does Alaska Statutes § 06.05.310 cover?
Section 06.05.310 ("Correction of impairment of capital.") 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 § 06.05.310?
A common citation format is "Alaska Statutes § 06.05.310" (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 § 06.05.310 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.