Section 3.02.175. Change in control of a bank holding company.

Latest version.

	(a)  Before a change of ownership may occur in the outstanding voting shares of a domestic bank holding company that will result in a change of control, the transaction must be approved by the department.  
	(b)  If a change of ownership occurs or is about to occur in the outstanding voting shares of an out-of-state bank holding company, and the change results in or will result in a change of control, the transaction must be reported by the out-of-state bank holding company to the department immediately, but not later than the end of the next state business day.

Authorities

06.05.005;06.05.235;06.05.570

Notes

Authority
 AS 06.05.005(a)  
AS 06.05.235  
AS 06.05.570  
History Eff. 7/31/69, Register 31; am 4/6/79, Register 70; am 1/10/94, Register 129

                    
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