{"data":{"id":"us-ak/as-10.13.420","jurisdiction":"us-ak","citation":"AS 10.13.420","heading":"Determinations.","body":"(a) When the department is reviewing an application under AS 10.13.410, the department may determine that an\n(1) applicant or a director or officer of an applicant is not of good character if the person has been convicted of a crime involving fraud or dishonesty, including a conviction based on a guilty plea or plea of nolo contendere;\n(2) applicant's plan to make a major change in the management of a licensee is detrimental to the safety and soundness of the licensee if the plan provides for a person to become a director or officer of the licensee and the person has been convicted of a crime involving fraud or dishonesty, including a conviction based on a guilty plea or plea of nolo contendere.\n(b) The conditions described in (a) of this section are not the only conditions upon which the department may determine that an applicant or a director or an officer of an applicant is not of good character or that an applicant's plan to make a major change in the management of a licensee is detrimental to the safety and soundness of the licensee.","path":["Title 10. Corporations and Associations.","Chapter 13. Alaska BIDCO Act.","Article 4. Acquisitions of Control, Mergers, Purchases, and Sales."],"source_url":"https://www.akleg.gov/basis/statutes.asp#10.13.420","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:39Z","sha256":"9ebc43db1285d4ea94b4e4316f8174f4cf200c16add6e9746bab284b3fcb9655","source_id":"us-ak","stale":false,"prev":"us-ak/as-10.13.410","next":"us-ak/as-10.13.430"},"notice":"GroundRules: Original legal text. Not legal advice."}