Section 21.84.475. License.

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Societies that are authorized to transact business in this state on January 1, 1998, and societies licensed after January 1, 1998 and before July 1, 1998, may continue the business through June 30, 1998. The authority of those societies and all other societies licensed after January 1, 1998 may be renewed annually, but, in all cases, terminates on the first day of the succeeding July. However, a license issued continues in full force and effect until the new license is issued or specifically refused. For each license or renewal, the society shall pay a fee set under AS 21.06.250. A certified copy or duplicate of the license shall be prima facie evidence that the licensee is a fraternal benefit society under this chapter.

Notes

History

(Sec. 27 ch 96 SLA 1997)

                    
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