3 AAC 21.130. Disclaimers and termination of registration

(a) A disclaimer of affiliation or a request for termination of registration claiming that a person does not, or will not, upon taking some proposed action, control another person (referred to in this section as the "subject") must contain the following information:

(1) the number of authorized, issued, and outstanding voting securities of the subject;

(2) with respect to the person whose control is denied and all affiliates of that person, the number and percentage of shares of the subject's voting securities which are held of record or known to be beneficially owned, and the number of these shares concerning which there is a right to acquire, directly or indirectly;

(3) all material relationships and bases for affiliation between the subject and the person whose control is denied and all affiliates of that person;

(4) a statement explaining why the person should not be considered to control the subject.

(b) A request for termination of registration is considered to have been granted unless the director, within 30 days after he receives the request, notifies the registrant otherwise.

History: Eff. 6/30/77, Register 62

Authority: AS 21.06.090

AS 21.22.130

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