Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 13 - Money Services
Article 2 - Business Duties and Restrictions
3 AAC 13.120 - Request for approval of change of control
Universal Citation: 3 AK Admin Code 13.120
Current through February 24, 2025
(a) A request for approval of change of control required by AS 06.55.404 must include a comprehensive description of the proposed change and be submitted to the department through the registry. The description must set out
(1) the identity of each person acquiring
control under the proposed change;
(2) the ownership interest and managerial
authority of each person in control under the proposed change; and
(3) for each new person in control under the
proposed change, information about personal history and experience as described
in 3 AAC
13.010(a)(3), including employment
history for the immediate previous 10 years.
(b) Any request under AS 06.55.404(e) for an exemption from any of the requirements of AS 06.55.404(a)(2) and (3) must be received by the department at least 30 days before the proposed change of control, and must set out the grounds on which the request relies.
Authority:AS 06.55.404
AS 44.33.020
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