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Alaska Statutes.

Title 10. Corporations and Associations

Chapter 13. Alaska Bidco Act

Chapter 13. Alaska Bidco Act

Section 10. Purposes.

Section 20. Qualifications For Bidco License.

Section 30. Application Procedure.

Section 40. Requisite Net Worth.

Section 50. Criteria For Directors, Officers, and Controlling Persons.

Section 60. Determination of Likelihood of Future Noncompliance.

Section 70. Denial of Application.

Section 80. Display of License.

Section 90. Transfer or Assignment of License Prohibited.

Section 100. Surrender of License.

Section 120. Corporate Name and Representation of Status.

Section 130. Board of Directors.

Section 140. Notice of Officer and Director Changes.

Section 150. Dividends.

Section 160. Stock Buy-Back.

Section 170. Offices.

Section 180. Business of Licensee.

Section 190. General Powers.

Section 200. Financing Assistance Form, Terms, and Conditions.

Section 210. Financing Assistance Allowed.

Section 220. Participation in Governmental Programs.

Section 230. Scope of Management Assistance.

Section 240. Limitation to Purposes of Business.

Section 250. Control of Other Businesses.

Section 260. Control of Assisted Business.

Section 270. Control of Business Providing Financing Assistance and Management Assistance.

Section 280. Control of Other Businesses.

Section 285. "Hold Control" Defined.

Section 290. Business Practice Standards and Reserves.

Section 300. Disclosure of Potential Conflict of Interest.

Section 310. Terms and Conditions Where Potential Conflict of Interest is Involved.

Section 320. Examples of Potential Conflicts of Interest.

Section 400. Acquiring Control of a Licensee.

Section 410. Application to Acquire Control.

Section 420. Determinations.

Section 430. Merger.

Section 440. Purchase.

Section 450. Sale.

Section 460. Department Approval.

Section 470. Administration.

Section 480. Conditions of Order or License.

Section 490. Declaratory Rulings.

Section 500. Judicial Review.

Section 510. Investigations.

Section 520. Investigative Powers.

Section 530. Failure to Comply or Testify.

Section 540. Service of Process.

Section 550. Fees.

Section 560. Fee Payment and Refunds.

Section 570. Records and Report Requirements.

Section 580. Records Kept By Others.

Section 590. Information On Economic Development Effect.

Section 600. Examination of Licensees and Subsidiaries.

Section 610. Misrepresentation.

Section 620. Inspection or Copying Refusal.

Section 630. Financing Assistance to Associates of Licensee.

Section 640. Financing Assistance to Discharge Obligation to Associate of Licensee.

Section 650. Contemporaneous Financing Assistance.

Section 660. Compensation of Associate.

Section 670. Exemptions.

Section 700. Injunction and Enforced Compliance; Appointment of Receiver or Conservator.

Section 710. Cease and Desist Orders For Unlicensed Persons.

Section 720. Cease and Desist Orders For Violations By Licensees or Subject Persons.

Section 730. Cease and Desist Orders For Unsafe and Unsound Acts.

Section 740. Other Cease and Desist Orders.

Section 750. Removal and Suspension Orders For Certain Acts.

Section 760. Removal and Suspension Orders in Cases of Indictment or Conviction.

Section 770. Hearings On Orders; Rescission and Modification.

Section 780. Disclosure to Shareholders.

Section 790. Meetings of Directors and Shareholders Called By Department.

Section 800. Orders Restricting Additional Financing Assistance.

Section 810. Taking Possession of Licensee.

Section 820. Receivership.

Section 830. Civil Penalty.

Section 850. Construction of Chapter.

Section 860. Application of Administrative Procedure Act to Proceedings.

Section 870. Appeals.

Section 880. Application of Law Under Which Licensee Incorporated.

Section 890. Associates.

Section 900. Other Licenses.

Section 910. Exemption.

Section 920. Authority of Department.

Section 930. Confidentiality.

Section 990. Definitions.

Section 995. Short Title.

Article 01. PURPOSES AND LICENSE

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Note to HTML Version:

This version of the Alaska Statutes is current through December, 2004. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.

Last modified 9/3/2005