GroundRules
AS 10.13.460: Department approval.
Where this section sits in the code
- Title 10. Corporations and Associations.
- Chapter 13. Alaska BIDCO Act.
- Article 4. Acquisitions of Control, Mergers, Purchases, and Sales.
The department may not approve a merger, purchase, or sale under AS 10.13.430 — 10.13.450 unless the department determines that
(1) the merger, purchase, or sale will be safe and sound with respect to the acquiring licensee;
(2) upon consummation of the merger, purchase, or sale, it is reasonable to believe that the acquiring licensee will comply with this chapter;
(3) the merger, purchase, or sale will not have a major detrimental effect on competition in the providing of financial assistance or management assistance to businesses, or, if there will be a detrimental effect, the merger, purchase, or sale is necessary in the interests of the safety and soundness of a party to the merger, purchase, or sale, or is otherwise, on balance, in the public interest.
Collected 2026-09-02T06:16:39Z. Source file · JSON