In this chapter and AS 06.05,
(1) "bankruptcy clause" means the following
statement: Notwithstanding any other provision in this lease, if the tenant or
its successors or assigns becomes insolvent or bankrupt, or makes an assignment
for the benefit of creditors, or if it or their interest in this lease is
levied upon or sold under execution or other legal process, or if the bank to
be operated on the demised premises is closed or taken over by a banking
authority or the state or other supervisory authority, the landlord may
terminate this lease only with the concurrence of the supervisory authority,
and that supervisory authority will have the election to either continue or
terminate the lease; however, if the lease is terminated, the maximum claim of
the landlord for damages or indemnity for injuries resulting from the
termination of the unexpired lease may not exceed the rent payable under this
lease.
(2) "department" means the
Department of Commerce, Community, and Economic Development;
(3) "division" means the division of banking
and securities, within the department;
(4) "FDIC" means Federal Deposit Insurance
Corporation;
(5) "FFIEC" means the
Federal Financial Institutions Examination Council;
(6) "FHLBB" means the Federal Home Loan Bank
Board;
(7) repealed
12/27/2023;
(8) "mobile facility
branch bank" means a branch bank that
(A)
moves from one location to another to provide banking services; or
(B) is located in or serves a remote area of
the state not being adequately served by a permanently located bank or bank
branch.
Notes
3 AAC 02.910
Eff. 4/6/79, Register 70; am 3/29/80, Register
73; am 12/23/87, Register 105; em am 8/18/88 - 12/15/88, Register 107; am
1/10/94, Register 129; am 10/23/94, Register 132; am
12/27/2023,
Register
248, January 2024
3 AAC 02.910 is based
on definitions in former
3 AAC 02.180 (Eff. 7/31/69, Register 31; am 12/13/70,
Register 36; repealed 4/6/79, Register 70) and former
3 AAC 02.230 (Eff. 6/8/76, Register 58; am 11/18/76,
Register 60; repealed 4/6/79, Register 70) as well as new definitions added
with Register 70.
As of Register 171 (October 2004), the regulations
attorney made technical revisions under
AS
44.62.125(b)(6) to reflect
the name change of the Department of Community and Economic Development to the
Department of Commerce, Community, and Economic Development made by ch. 47, SLA
2004 and the corresponding title change of the commissioner of community and
economic development.
Authority:AS
06.01.020
AS
06.05.005
AS
06.05.075
AS
06.05.250
AS
06.05.540
AS
06.15.010
AS
06.15.180
AS
06.15.360
