Alaska § 06.05.230 - Investment in property and banking premises.
Full text of Alaska Alaska Statutes § 06.05.230 — Investment in property and banking premises., with citation guidance and answers to common questions.
§ 06.05.230. Investment in property and banking premises.
A bank may acquire, purchase, hold, and convey real and personal property for the following purposes only: (1) that which is necessary for the convenient transaction of, or the promotion of, its business, including buildings containing banking offices, equipment, furniture and fixtures, art work, leasehold improvements, parking lots, and, with the prior approval of the department, real property reasonably anticipated to be necessary for future expansion of the bank, if the book asset value of the purchase or investment does not exceed 60 percent of the capital and surplus of the bank;
(2) the satisfaction of or on account of debts previously contracted in the course of its business;
(3) the purchase at sale under judgment, decree, lien, or mortgage foreclosure, against security held by it;
(4) that which is necessary in connection with a negatively amortizing loan described under AS 45.45.010 (f).
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 06.05.230
What does Alaska Statutes § 06.05.230 cover?
Section 06.05.230 ("Investment in property and banking premises.") 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 § 06.05.230?
A common citation format is "Alaska Statutes § 06.05.230" (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 § 06.05.230 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.