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Current as of January 01, 2022 | Updated by FindLaw Staff
The department may not approve a merger, purchase, or sale under AS 10.13.430 - 10.13.450 unless the department determines that
(1) the merger, purchase, or sale will be safe and sound with respect to the acquiring licensee;
(2) upon consummation of the merger, purchase, or sale, it is reasonable to believe that the acquiring licensee will comply with this chapter;
(3) the merger, purchase, or sale will not have a major detrimental effect on competition in the providing of financial assistance or management assistance to businesses, or, if there will be a detrimental effect, the merger, purchase, or sale is necessary in the interests of the safety and soundness of a party to the merger, purchase, or sale, or is otherwise, on balance, in the public interest.
Cite this article: FindLaw.com - Alaska Statutes Title 10. Corporations and Associations § 10.13.460. Department approval - last updated January 01, 2022 | https://codes.findlaw.com/ak/title-10-corporations-and-associations/ak-st-sect-10-13-460/
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