Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 02 - Banking
Article 2 - Banking Practices
3 AAC 02.145 - Authorized activities for domestic bank holding companies

(a) A domestic bank holding company may engage in activities of a financial, fiduciary, or insurance nature, or other activities permitted for subsidiaries of banks under AS 06.05.272 and this chapter, and it may invest, without limitation, in the shares of subsidiaries that engage in these activities, subject to the requirements of (c) of this section. The following activities are considered to be financial or fiduciary activities:

(b) Upon application to and approval by the department, a domestic bank holding company may diversify its holdings or activities, if the department determines that

(c) A domestic bank holding company or subsidiary may not engage in an activity for which qualifications or licensing requirements are established by law, without first demonstrating those qualifications or obtaining the license and obtaining the written approval of the activity or movement from the department.

(d) Repealed 1/10/94.