(a) If the department considers it expedient, the department may call a meeting of the board of directors or of the shareholders of a licensee.
(b) The department shall send notification of the time, place, and purpose of the meeting not less than five days before the meeting to each director, if a directors' meeting, or to each shareholder, if a shareholders' meeting, either by personal service or by registered or certified mail sent to the person's last known address as shown in the records of the department.
(c) The licensee shall pay the notice and meeting expenses for a meeting of shareholders called under (a) of this section.
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.