Alaska § 44.81.225 - Small loans to nonmembers.
Full text of Alaska Alaska Statutes § 44.81.225 — Small loans to nonmembers., with citation guidance and answers to common questions.
§ 44.81.225. Small loans to nonmembers.
(a) To facilitate the development of commercial fisheries and commercial agriculture in geographic areas in which factors such as geographic considerations, uncertainties of communication, or limited demands do not encourage normal lending activities, the bank may make small loans to qualified borrowers who are not members of the bank.
(b) The provisions of this chapter apply to loans authorized by this section except that (1) the borrower is not required to be a member of the bank at the time the loan is approved; and
(2) the principal amount of the portion of the loan made by the bank may not exceed $50,000.
(c) The total amount of money that may be loaned under this section may not exceed 25 percent of the total capital of the bank.
(d) To service loans made under this section, the bank may contract or make other arrangements with a public agency or with a legal entity that the bank determines to be responsible and competent to administer the loan.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 44.81.225
What does Alaska Statutes § 44.81.225 cover?
Section 44.81.225 ("Small loans to nonmembers.") 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 § 44.81.225?
A common citation format is "Alaska Statutes § 44.81.225" (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 § 44.81.225 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.