Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 08 - Securities
Article 5 - Small Corporate Offering Registration SCOR Procedure
3 AAC 08.650 - Escrow, lock-in, and impound provisions for small corporate offerings
Universal Citation: 3 AK Admin Code 08.650
Current through February 24, 2025
(a) Promotional shares in an offering under 3 AAC 08.600 - 3 AAC 08.640 are subject to the escrow and lock-in requirements of 3 AAC 08.180 - 3 AAC 08.186.
(b) If the proposed business of the issuer requires a minimum amount of proceeds to commence or continue the business in the manner proposed, impoundment of the sale proceeds are subject to the requirements of 3 AAC 08.190.
Authority:AS 45.55.110
AS 45.55.950
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