Alaska Statutes (Last Updated: January 11, 2017) |
Title 06. BANKS AND FINANCIAL INSTITUTIONS. |
Chapter 06.50. DEFERRED DEPOSIT ADVANCES. |
Article 06.50.02. LICENSE TRANSFER, ASSIGNMENT, CONTROL, AND CHANGE. |
Section 06.50.210. Change in control.
Latest version.
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The prior written approval of the department is required for the continued operation of a licensee's deferred deposit advance business when a change in control of the licensee is proposed. The department may require the information it considers necessary to determine whether a new application is required. The licensee requesting approval of the change in control shall pay all reasonable expenses incurred by the department to investigate and approve or deny the change in control.
Notes
History
(Sec. 3 ch 116 SLA 2004)