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2023 Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 15. Mutual Savings Bank Act
Article 2. Banking Practices.
Sec. 06.15.180. Borrowing.
Universal Citation: AK Stat § 06.15.180 (2023)
The aggregate amount of outstanding liabilities of a mutual bank for money borrowed may not at any time exceed 15 percent of the total assets of the mutual bank unless the department approves a larger percentage of the total assets of the mutual bank.
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