After notice and a hearing, if the department determines that a licensee or subject person of a licensee has engaged in or that there is a reasonable cause to believe that the licensee or subject person is about to engage in an unsafe or unsound act with respect to the business of the licensee, the department may order the licensee or subject person to cease and desist from the action. The order may require the licensee or subject person to take affirmative action to correct a condition resulting from the action.
Structure Alaska Statutes
Title 10. Corporations and Associations
Sec. 10.13.700. Injunction and enforced compliance; appointment of receiver or conservator.
Sec. 10.13.710. Cease and desist orders for unlicensed persons.
Sec. 10.13.720. Cease and desist orders for violations by licensees or subject persons.
Sec. 10.13.730. Cease and desist orders for unsafe and unsound acts.
Sec. 10.13.740. Other cease and desist orders.
Sec. 10.13.750. Removal, prohibition, and suspension orders for certain acts.
Sec. 10.13.770. Hearings on orders; rescission and modification.
Sec. 10.13.780. Disclosure to shareholders.
Sec. 10.13.790. Meetings of directors and shareholders called by department.
Sec. 10.13.800. Orders restricting additional financing assistance.