Sec. 10.13.420. Determinations.

191 words·~1 min read·/ak/title-10/chapter-13/10-13-420

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)When the department is reviewing an application under AS 10.13.410 , the department may determine that an

(1)applicant or a director or officer of an applicant is not of good character if the person has been convicted of a crime involving fraud or dishonesty, including a conviction based on a guilty plea or plea of nolo contendere;

(2)applicant's plan to make a major change in the management of a licensee is detrimental to the safety and soundness of the licensee if the plan provides for a person to become a director or officer of the licensee and the person has been convicted of a crime involving fraud or dishonesty, including a conviction based on a guilty plea or plea of nolo contendere.

(b)The conditions described in

(a)of this section are not the only conditions upon which the department may determine that an applicant or a director or an officer of an applicant is not of good character or that an applicant's plan to make a major change in the management of a licensee is detrimental to the safety and soundness of the licensee.