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Current as of January 01, 2025 | Updated by Findlaw Staff
In AS 45.48.510(3), due diligence ordinarily includes performing one or more of the following:
(1) reviewing an independent audit of the third party's operations and its compliance with AS 45.48.500--45.48.590;
(2) obtaining information about the third party from several references or other reliable sources and requiring that the third party be certified by a recognized trade association or similar organization with a reputation for high standards of quality review; or
(3) reviewing and evaluating the third party's information security policies and procedures, or taking other appropriate measures to determine the competency and integrity of the third party.
Cite this article: FindLaw.com - Alaska Statutes Title 45. Trade and Commerce § 45.48.520. Due diligence - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-45-trade-and-commerce/ak-st-sect-45-48-520/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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