Alaska Stat. § 06.50.900
This is the official text of Alaska Stat. § 06.50.900, part of Alaska’s Stat — part of the compiled statutory law of Alaska, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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Definitions.
Official statutory text
In this chapter, unless the context requires otherwise, (1) advance means a deferred deposit advance;
(2) advance recipient means a borrower to whom an advance is made;
(3) control, in the case of a person who is not a natural person, means direct or indirect ownership, the right to vote or otherwise control 10 percent or more of the governance interests of the entity, or the ability of a person to elect a majority of the directors;
(4) deferred deposit advance means a transaction in which a person (A) accepts a dated check from a person seeking an advance;
(B) agrees to hold the check for a specified period of time before depositing or otherwise negotiating the check; and
(C) pays to the advance recipient, credits to the account of the advance recipient, or pays to another person on behalf of the advance recipient the amount of the check less the charges allowed under this chapter;
(5) department means the Department of Commerce, Community, and Economic Development;
(6) license means a license issued under this chapter;
(7) licensee means a person to whom a license has been issued under this chapter.
(2) advance recipient means a borrower to whom an advance is made;
(3) control, in the case of a person who is not a natural person, means direct or indirect ownership, the right to vote or otherwise control 10 percent or more of the governance interests of the entity, or the ability of a person to elect a majority of the directors;
(4) deferred deposit advance means a transaction in which a person (A) accepts a dated check from a person seeking an advance;
(B) agrees to hold the check for a specified period of time before depositing or otherwise negotiating the check; and
(C) pays to the advance recipient, credits to the account of the advance recipient, or pays to another person on behalf of the advance recipient the amount of the check less the charges allowed under this chapter;
(5) department means the Department of Commerce, Community, and Economic Development;
(6) license means a license issued under this chapter;
(7) licensee means a person to whom a license has been issued under this chapter.
Status: in_force · Read it on the official government site
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