 |
Alaska Administrative Code (Last Updated: January 12, 2017) |
 |
Title 3. Commerce, Community, and Economic Development. |
|
Part 3.1. Banking, Securities, Small Loans and Corporations. |
|
Chapter 3.08. Securities. |
|
Article 3.08.1. Registration, Notice, and Regulation of Broker-Dealers, Agents, State Investment Advisers, and Federal Covered Advisers, and Investment Adviser Representatives. |
Section 3.08.184. Documentation of termination of escrow.
Latest version.
-
(a) A request to the escrow agent for the release of promotional shares from escrow must be in writing. The issuer shall provide the escrow agent with documentation showing that the requirements of 3 AAC 08.182 have been met. (b) The escrow agent shall maintain all records relating to an escrow agreement required under 3 AAC 08.180 for three years following the date of termination of the agreement. The escrow agent shall forward promptly a copy of each record retained by the escrow agent to the administrator upon written request. For purposes of this subsection, the escrow agreement terminates when all of the promotional shares have been released or the issuer's equity securities or the issuer's assets have been distributed under the agreement.
Authorities
45.55.110;45.55.950