Alaska Stat. § 10.13.320
This is the official text of Alaska Stat. § 10.13.320, 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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Examples of potential conflicts of interest.
Official statutory text
(a) In AS 10.13.300 10.13.310, licensee transactions that involve a potential conflict of interest include (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;
(2) providing financing assistance to a business to which one or more of the following provides or plans to provide contemporaneous financing assistance: (A) a principal shareholder of the licensee;
(B) a director, officer, partner, relative, controlling person, or affiliate of a principal shareholder of a licensee;
(C) an affiliate of a principal shareholder of a licensee; or
(D) a person controlled by a principal shareholder of the licensee;
(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 (A) a director, officer, or controlling person of the licensee; or
(B) the spouse of a director, officer, or controlling person of the licensee;
(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;
(5) providing financing assistance for the purchase of property of an associate or principal shareholder of the licensee;
(6) selling or otherwise transferring an asset of the licensee to an associate or principal shareholder of the licensee.
(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.
Article 4. Acquisitions of Control, Mergers, Purchases, and Sales.
(2) providing financing assistance to a business to which one or more of the following provides or plans to provide contemporaneous financing assistance: (A) a principal shareholder of the licensee;
(B) a director, officer, partner, relative, controlling person, or affiliate of a principal shareholder of a licensee;
(C) an affiliate of a principal shareholder of a licensee; or
(D) a person controlled by a principal shareholder of the licensee;
(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 (A) a director, officer, or controlling person of the licensee; or
(B) the spouse of a director, officer, or controlling person of the licensee;
(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;
(5) providing financing assistance for the purchase of property of an associate or principal shareholder of the licensee;
(6) selling or otherwise transferring an asset of the licensee to an associate or principal shareholder of the licensee.
(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.
Article 4. Acquisitions of Control, Mergers, Purchases, and Sales.
Status: in_force · Read it on the official government site
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