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(a) The persons preparing the economic and financial feasibility analysis required by AS 45.94.030 (b) must be independent from the seller of the forest products business.
(b) The feasibility analysis must include
(1) pro forma cash flow statements covering the entire term of the loan;
(2) an analysis of markets and of major customers;
(3) sales and supplier contracts and statements of customers' and suppliers' business intentions after the sale of the forest products business; and
(4) audited financial statements for the preceding three years for the forest products business to be purchased; the statement must be separate and apart from financial statements for any other business, operations, affiliations, or facilities, forest product or otherwise, of the seller; if the forest products business includes multiple subsidiaries, affiliates, plants, facilities, or products lines, consolidating statements must be submitted.
History: Eff. 2/17/85, Register 93
Authority: AS 45.94.030
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Last modified 7/05/2006