Alaska § 06.05.212 - Overdrafts.
Full text of Alaska Alaska Statutes § 06.05.212 — Overdrafts., with citation guidance and answers to common questions.
§ 06.05.212. Overdrafts.
(a) A director, officer, or employee of a state bank may not knowingly, wilfully, and persistently overdraw the director's, officer's, or employee's account or permit a customer to do so.
(b) An overdraft of more than 30 days' standing may not be allowed as an asset of the bank.
(c) The provisions of this section do not apply to an approved overdraft created under a check guaranty plan or other similar revolving credit plan.
Frequently Asked Questions About Alaska § 06.05.212
What does Alaska Statutes § 06.05.212 cover?
Section 06.05.212 ("Overdrafts.") 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 § 06.05.212?
A common citation format is "Alaska Statutes § 06.05.212" (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 § 06.05.212 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.