Sec. 21.40.080. Definitions.
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/ak/title-21/chapter-40/21-40-080A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 21.40.080. Definitions.
In this chapter,
(1)“domestic stock insurance corporation” means a stock insurance corporation organized under the laws of this state or the Territory of Alaska;
(2)“equity security” means a stock or similar security; or a security convertible, with or without considerations, into stock or similar security, or carrying a warrant or right to subscribe to or purchase stock or similar security; or any such warrant or right; or any other security that the department shall consider to be of similar nature and consider necessary or appropriate, by regulations the department may adopt in the public interest or for the protection of investors, to treat as an equity security;
(3)“officer” means a president, vice president, treasurer, actuary, secretary, controller, and any other person who performs for the company functions corresponding to those performed by the foregoing officers.