# Alaska Stat. § 06.05.065: Financial institution interest of department officers and employees

> Alaska · Statutes · Reserved

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.065

## Section

- **Citation:** Alaska Stat. § 06.05.065
- **Heading:** Financial institution interest of department officers and employees
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** Reserved
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 6 / Chapter 06.05 / Section 06.05.065

## Text

(a) A bank examiner of the department who deals with the regulation of financial institutions, a special agent selected by the department to do work relating to financial institutions, the commissioner or deputy commissioner, or the director of banking may not be an officer, employee, director, trustee, attorney, shareholder, or partner of a financial institution, or receive, directly or indirectly, a payment or gratuity from a financial institution. A person subject to this section may not borrow money from a state financial institution, except as provided in this section.

(b) A person subject to this section may (1) be a depositor in a financial institution;

(2) purchase shares of a savings and loan association on the same terms available to the public;

(3) be a member of an employee credit union;

(4) be indebted to a state financial institution upon an installment debt incurred by the employee in the purchase of goods for personal use only and transferred to the financial institution in the regular course of business, including debts for household goods, mobile homes, motor vehicles, or boats; or

(5) retain a preexisting extension of credit that was incurred before commencement of the employment that subjected the person to this section; any renegotiation of a preexisting extension of credit shall be treated as a new extension of credit that is subject to the prohibitions of this section.

(c) This section does not limit the authority of an officer or employee of the department acting in the person's official capacity in the business of the department.

(d) [Repealed, § 102 ch 26 SLA 1993.] (e) [Repealed, § 102 ch 26 SLA 1993.] (f) [Repealed, § 102 ch 26 SLA 1993.]

## Nearby sections

- [Alaska Stat. § 06.05.005 Powers of department.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.005.md)
- [Alaska Stat. § 06.05.045 Bank reports to the department.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.045.md)
- [Alaska Stat. § 06.05.050 Publication of reports.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.050.md)
- [Alaska Stat. § 06.05.065 Financial institution interest of department officers and employees.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.065.md)
- [Alaska Stat. § 06.05.075 Standards.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.075.md)
- [Alaska Stat. § 06.05.090 Certification of checks.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.090.md)
- [Alaska Stat. § 06.05.095 Payment of items.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.095.md)
- [Alaska Stat. § 06.05.100 Deposit of minor or person under disability.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.100.md)
- [Alaska Stat. § 06.05.120 Notice of charges.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.120.md)
- [Alaska Stat. § 06.05.145 Adverse claim to bank deposit.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.145.md)
- [Alaska Stat. § 06.05.160 Transmitting money and foreign exchange.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.160.md)
- [Alaska Stat. § 06.05.166 Legal holidays and closings.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.166.md)
- [Alaska Stat. § 06.05.180 Fiduciary and other powers authorized.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.180.md)
- [Alaska Stat. § 06.05.197 Nominees.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.197.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.05_S06.05.065. Check the current official text before relying on it. Not legal advice.