Section 3.08.650. Escrow, lock-in, and impound provisions for small corporate offerings.

Latest version.

	(a)  Promotional shares in an offering under 3 AAC 08.600 - 3 AAC 08.640 are subject to the escrow and lock-in requirements of 3 AAC 08.180 - 3 AAC 08.186.  
	(b)  If the proposed business of the issuer requires a minimum amount of proceeds to commence or continue the business in the manner proposed, impoundment of the sale proceeds are subject to the requirements of 3 AAC 08.190.

Authorities

45.55.110;45.55.950

Notes

Reference

3 AAC 08.600
3 AAC 08.610
3 AAC 08.630

Authority
 AS 45.55.110  
AS 45.55.950  
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History Eff. 9/18/91, Register 119; am 4/19/2000, Register 154

                    
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