Section 10.13.120. Corporate name and representation of status.

   (a) The corporate name of a licensee must include the word "BIDCO" or "Bidco" and must be distinguishable on the records of the department from the name of any other organized entity and from a reserved or registered name. A licensee may not transact business under a name other than its corporate name. In this subsection, "organized entity" and "reserved or registered name" have the meanings given in AS 10.35.040.
   (b) Before being issued a license, a corporation that proposes to apply for a license or that applies for a license may perform, under a name that indicates that the corporation is a corporation licensed under this chapter, the acts necessary to apply for and obtain a license and otherwise prepare to begin business as a licensee. The corporation may not represent that it is a licensee until after the license has been obtained.

Authorities

10.13.610;10.13.710

Notes

Implemented As

3 AAC 16.120

References

AS 10.13.610 Misrepresentation.
AS 10.13.710 Cease and desist orders for unlicensed persons.

History

(Sec. 1 ch 133 SLA 1992; am Sec. 10 ch 50 SLA 1999)