Exemption from registration under AS 45.56.110 — 45.56.160 is not available for a security or transaction if the issuer, or any of its officers, controlling persons, or promoters, is subject to a disqualifier described in the regulations adopted under 15 U.S.C. 78c(a)(39) as of the date of the transaction or offer.
AS 45.56.140
Disqualifier
Known as the Alaska Securities Act
The act spans §§ 45–45 (57 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.