{"data":{"id":"us-ak/as-10.13.320","jurisdiction":"us-ak","citation":"AS 10.13.320","heading":"Examples of potential conflicts of interest.","body":"(a) In AS 10.13.300 — 10.13.310, licensee transactions that involve a potential conflict of interest include\n(1) providing financing assistance to a principal shareholder of the licensee, to a person controlled by a principal shareholder of the licensee, or to a director, officer, partner, relative, controlling person, or affiliate of a principal shareholder of the licensee;\n(2) providing financing assistance to a business to which one or more of the following provides or plans to provide contemporaneous financing assistance:\n(A) a principal shareholder of the licensee;\n(B) a director, officer, partner, relative, controlling person, or affiliate of a principal shareholder of a licensee;\n(C) an affiliate of a principal shareholder of a licensee; or\n(D) a person controlled by a principal shareholder of the licensee;\n(3) providing financing assistance to a business that has or is expected to have a substantial business relationship with another business that has a director, officer, or controlling person who is also\n(A) a director, officer, or controlling person of the licensee; or\n(B) the spouse of a director, officer, or controlling person of the licensee;\n(4) providing financing assistance to a business if the business, or a director, officer, or controlling person of the business contemporaneously has lent or will lend money to an associate of the licensee;\n(5) providing financing assistance for the purchase of property of an associate or principal shareholder of the licensee;\n(6) selling or otherwise transferring an asset of the licensee to an associate or principal shareholder of the licensee.\n(b) In this section, “relative” means a parent, child, sibling, spouse, grandparent, grandchild, nephew, niece, aunt, or uncle, or a relative of the same degree through marriage.","path":["Title 10. Corporations and Associations.","Chapter 13. Alaska BIDCO Act.","Article 3. Transaction of Business."],"source_url":"https://www.akleg.gov/basis/statutes.asp#10.13.320","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:39Z","sha256":"9b35642178f177092aecf21b4a94a948bc0c487f3a216fc9d75f8feb1f3fa668","source_id":"us-ak","stale":false,"prev":"us-ak/as-10.13.310","next":"us-ak/as-10.13.400"},"notice":"GroundRules: Original legal text. Not legal advice."}