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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 9. Law. |
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Chapter 9.16. Sale of Business Opportunities. |
Section 9.16.900. Definitions.
Latest version.
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In AS 45.66 and this chapter, unless the context requires otherwise, (1) "affiliated company" means a business entity that (A) will engage in business transactions with buyers relating to the sale of a business opportunity; or (B) accepts responsibility for the acts or statements made by the seller relating to sales or offers to sell business opportunities; (2) "department" means the Department of Law; (3) "down payment" has the meaning given in AS 45.66.100; (4) "initial payment" has the meaning given in AS 45.66.100; (5) "owner" means a person who owns or controls 10 percent or more of the net income of a business entity; (6) "parent company" means a business entity that (A) is an owner of the seller; and (B) has authority to control the employment or appointment of officers, directors, or managers of the seller.
Authorities
45.66.080;45.66.240