Alaska § 06.05.200 - Reserves against deposits.

Full text of Alaska Alaska Statutes § 06.05.200 — Reserves against deposits., with citation guidance and answers to common questions.

§ 06.05.200. Reserves against deposits.

 (a) A bank shall maintain a reserve fund sufficient to maintain liquidity and meet all reasonable demands of depositors, as provided in regulations adopted by the department.

 (b) [Repealed, § 102 ch 26 SLA 1993.]  (c) [Repealed, § 102 ch 26 SLA 1993.]  (d) If the reserve fund of a bank falls below the amount required by the department to be maintained under this section, the department may prohibit the bank from making any new loans or other investments or paying any dividends until the bank's reserve fund has been restored to the amount required under this section.

Related Alaska Legal Topics

Frequently Asked Questions About Alaska § 06.05.200

What does Alaska Statutes § 06.05.200 cover?

Section 06.05.200 ("Reserves against deposits.") 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 § 06.05.200?

A common citation format is "Alaska Statutes § 06.05.200" (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 § 06.05.200 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.