Alaska Statutes Title 10, Chapter 10.13, Article 03 - Transaction of Business

• Sec. 10.13.170 Offices.
  (a) A licensee shall maintain at least one office in this state.(b) A licensee may not maintain an office outside this state.(c) The location...
• Sec. 10.13.180 Business of Licensee.
  A licensee may not engage in a business other than providing financing assistance and management assistance to businesses.
• Sec. 10.13.190 General Powers.
  In addition to the other powers given by this chapter and the powers conferred on the licensee by the laws under which it is...
• Sec. 10.13.200 Financing Assistance Form, Terms, and Conditions.
  A licensee may determine the form, terms, and conditions for the financing assistance that it will provide.
• Sec. 10.13.210 Financing Assistance Allowed.
  The financing assistance that a licensee may provide includes(1) loans;(2) purchase of debt instruments;(3) straight equity investments including the purchase of common stock or...
• Sec. 10.13.220 Participation in Governmental Programs.
  (a) A licensee may participate in a federal, state, or local government program for which the licensee is eligible and that has as the...
• Sec. 10.13.230 Scope of Management Assistance.
  When providing management assistance, a licensee may provide management advice, management services, technical advice, and technical services.
• Sec. 10.13.240 Limitation to Purposes of Business.
  Financing assistance and management assistance provided by a licensee to a business may only be for the business purposes of the business.
• Sec. 10.13.250 Control of Other Businesses.
  A licensee may not hold control of another business, except as provided under AS 10.13.260 - 10.13.280. In this section, "licensee" includes the licensee...
• Sec. 10.13.260 Control of Assisted Business.
  (a) A licensee that has provided financing assistance to a business may acquire and hold control of the business to the extent it becomes...
• Sec. 10.13.270 Control of Business Providing Financing Assistance and Management Assistance.
  With the approval of the department, a licensee may acquire and hold control of another business that is engaged only in the business of...
• Sec. 10.13.280 Control of Other Businesses.
  (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 -...
• Sec. 10.13.285 "Hold Control" Defined.
  In AS 10.13.250 - 10.13.280, "hold control" means to directly or indirectly own, of record or beneficially, 50 percent or more of a business's...
• Sec. 10.13.290 Business Practice Standards and Reserves.
  (a) A licensee shall transact its business in a safe and sound manner and shall maintain itself in a safe and sound condition.(b) In...
• Sec. 10.13.300 Disclosure of Potential Conflict of Interest.
  A person shall disclose a potential conflict of interest that occurs in a transaction in the financing documents of the transaction or, if the...
• Sec. 10.13.310 Terms and Conditions Where Potential Conflict of Interest is Involved.
  If a licensee provides financing assistance to a business or engages in another business transaction, and if the assistance or transaction involves a potential...
• Sec. 10.13.320 Examples of Potential Conflicts of Interest.
  (a) In AS 10.13.300 - 10.13.310, licensee transactions that involve a potential conflict of interest include(1) providing financing assistance to a principal shareholder of...

Last modified: November 15, 2016