Sec. 06.15.350. General powers.

A mutual bank (1) shall have indefinite succession; (2) may adopt and use a seal; (3) may sue and be sued; (4) may adopt, amend, and repeal rules and regulations governing the manner in which its business may be conducted and the manner in which the powers vested in it may be exercised; (5) may […]

Sec. 06.15.360. Additional powers.

The enumeration of powers in AS 06.15.350 does not exclude other powers appropriate for the achievement of the objects and purposes of a mutual bank under this chapter. With the approval of the department, a mutual bank may provide for the exercise of other powers in its bylaws, rules, or regulations.