If a licensee provides financing assistance to a business or engages in another business transaction, and if the assistance or transaction involves a potential conflict of interest, the terms and conditions under which the licensee provides the assistance or engages in the transaction may not be less favorable to the licensee than the terms and conditions that would be required by the licensee in the ordinary course of business if the assistance or transaction did not involve a potential conflict of interest.
Structure Alaska Statutes
Title 10. Corporations and Associations
Article 3. Transaction of Business.
Sec. 10.13.180. Business of licensee.
Sec. 10.13.190. General powers.
Sec. 10.13.200. Financing assistance form, terms, and conditions.
Sec. 10.13.210. Financing assistance allowed.
Sec. 10.13.220. Participation in governmental programs.
Sec. 10.13.230. Scope of management assistance.
Sec. 10.13.240. Limitation to purposes of business.
Sec. 10.13.250. Holding control of another business generally.
Sec. 10.13.260. Control of assisted business.
Sec. 10.13.270. Control of business providing financing assistance and management assistance.
Sec. 10.13.280. Department approval to hold control of other businesses.
Sec. 10.13.285. “Hold control” defined.
Sec. 10.13.290. Business practice standards and reserves.
Sec. 10.13.300. Disclosure of potential conflict of interest.
Sec. 10.13.310. Terms and conditions where potential conflict of interest is involved.
Sec. 10.13.320. Examples of potential conflicts of interest.