(a) With the approval of the department, a licensee may acquire and hold control of a business not otherwise allowed under AS 10.13.250 - 10.13.270.
(b) The department may not approve an application under (a) of this section unless the department determines that
(1) the acquisition and control will not cause the amount of the licensee's investments in businesses covered by this section to exceed 15 percent of the assets of the licensee; and
(2) in the department's judgment the approval will promote the purposes of this chapter.
(c) An approval under (a) of this section may not be for a period of more than three years, unless the department determines that a longer period is necessary and consistent with the purposes of this chapter.
Section: Previous 10.13.200 10.13.210 10.13.220 10.13.230 10.13.240 10.13.250 10.13.260 10.13.270 10.13.280 10.13.285 10.13.290 10.13.300 10.13.310 10.13.320 NextLast modified: November 15, 2016