2018 Alaska Statutes
Title 10. Corporations and Associations
Chapter 13. Alaska BIDCO Act
Article 4. Acquisitions of Control, Mergers, Purchases, and Sales.
Sec. 10.13.460. Department approval.
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.