Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 02 - Banking
Article 5 - Prohibited Practices and Sanctions
3 AAC 02.410 - Embezzlement by officers or employees
Universal Citation: 3 AK Admin Code 02.410
Current through February 24, 2025
(a) When an embezzlement or mysterious disappearance of cash, securities, notes, or other assets is discovered in a state bank, an immediate report must be made by officers of the bank, providing full disclosures of the circumstances under which it occurred, to
(1) the
department;
(2) the FDIC and the
Bureau of Investigation;
(3) the
nearest office of the Alaska State Troopers;
(4) the state district attorney serving the
district in which the bank is located; and
(5) the bonding company.
(b) The officers shall notify the board of directors at the next regular or special meeting of the embezzlement or mysterious disappearance of assets and the circumstances under which it occurred.
Authority:AS 06.05.005(1)
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