Alaska Statutes Title 10, Chapter 10.13, Article 01 - Purposes and License

• Sec. 10.13.010 Purposes.
  The purposes of this chapter are to(1) promote economic development by encouraging the formation of one or more BIDCOs to help meet the financing...
• Sec. 10.13.020 Qualifications for Bidco License.
  The department shall issue a license to operate as a BIDCO to a corporation that is incorporated under AS 10.06, or that has been...
• Sec. 10.13.030 Application Procedure.
  When applying for a license, an applicant shall provide the information required by the department in the form required by the department. The information...
• Sec. 10.13.040 Requisite Net Worth.
  (a) In order to receive a license, an applicant must demonstrate to the satisfaction of the department that the applicant has raised sufficient capital...
• Sec. 10.13.050 Criteria for Directors, Officers, and Controlling Persons.
  (a) A license may only be issued if the department determines that each director, officer, and controlling person of the applicant is(1) of good...
• Sec. 10.13.060 Determination of Likelihood of Future Noncompliance.
  The department may determine that it is not reasonable to believe that an applicant would comply with this chapter if licensed. Bases the department...
• Sec. 10.13.070 Denial of Application.
  If the department denies a license the department shall provide the applicant with a written statement explaining the reasons for the denial.
• Sec. 10.13.080 Display of License.
  A licensee shall post the license in a conspicuous place in the licensee's principal office.
• Sec. 10.13.090 Transfer or Assignment of License Prohibited.
  A licensee may not transfer or assign its license.
• Sec. 10.13.100 Surrender of License.
  (a) Upon approval by a two-thirds vote of its board of directors and after complying with (b) and (c) of this section, a licensee...

Last modified: November 15, 2016