Alaska § 06.01.015 - Examinations.
Full text of Alaska Alaska Statutes § 06.01.015 — Examinations., with citation guidance and answers to common questions.
§ 06.01.015. Examinations.
(a) Financial institutions regulated under this title, except licensees subject to AS 06.40 , are subject to at least one examination every 18 months. The department may conduct additional examinations and may examine licensees subject to AS 06.40 at its discretion.
(b) The department shall select one or more competent persons to make examinations of financial institutions. The examiner shall take and subscribe an oath that (1) the examiner will honestly and impartially examine into and report the condition of the institution as to assets and liabilities and other information required by the department;
(2) the examiner will not disclose the information the examiner obtains through the examination to a person other than the department;
(3) at the time of employment, the examiner is not obligated to, or the owner of an interest in, the institution and is not an officer or shareholder of the institution;
(4) the examiner does not own more than five percent of the voting shares in another financial institution in the state; and
(5) the examiner is not an officer or employee of another financial institution in the state.
(c) The department shall promptly call to the attention of the directors of an institution irregularities in the conduct of the financial institution's business and any violations. The department shall send a copy of the report of examination to the institution examined.
Frequently Asked Questions About Alaska § 06.01.015
What does Alaska Statutes § 06.01.015 cover?
Section 06.01.015 ("Examinations.") 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 § 06.01.015?
A common citation format is "Alaska Statutes § 06.01.015" (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 § 06.01.015 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.