Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 03 - Credit Unions
Article 2 - Credit Union Practices
3 AAC 03.115 - Shares

Universal Citation: 3 AK Admin Code 03.115

Current through February 24, 2025

(a) Types of Accounts. The board of directors may offer types of share accounts which best meet the needs of the members.

(b) Dividends. Varying dividends may be paid on different types of accounts and at different intervals if sufficient amounts have been accrued to pay dividends earned or contracted for.

Authority:AS 06.45.010

AS 06.45.060(6)

AS 06.45.190

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