AS 10.55.110: Excluded entities and transactions.

The following entities may not participate in a transaction under this chapter:

(1) a financial institution; in this paragraph, “financial institution” has the meaning given in AS 06.01.050;

(2) an insurer regulated by AS 21, including a fraternal benefit society regulated under AS 21.84;

(3) a business and industrial development corporation under AS 10.10;

(4) a BIDCO under AS 10.13;

(5) a cooperative under AS 10.15;

(6) a cooperative under AS 10.25 (Electric and Telephone Cooperative Act);

(7) a public corporation; or

(8) a municipality.