3 Alaska Admin. Code § 305.950

Current through October 17, 2024

Section 3 AAC 305.950 - Definitions

(a) Except as provided under AS 04.11.450(h)(2), in this chapter, "affiliate" means

(1) an individual's general partners and joint venturers, including

(A) any corporation of which the individual owns 10 percent or more of the stock;

(B) any corporation of which the individual is an officer or director;

(C) any limited liability organization of which the individual is a member who holds 10 percent or more of the limited liability organization's ownership interest; and

(D) any limited liability organization of which the individual is a manager;

(2) a partnership's partners or joint venturers, including

(A) any affiliates of a partnership's partners or joint venturers;

(B) any corporation of which the partnership or any individual partner holds 10 percent or more of the stock;

(C) any corporation of which any individual partner is an officer or director;

(D) any limited liability organization of which the partnership or any individual partner is a member who holds 10 percent or more of the limited liability organization's ownership interest; and

(E) any limited liability organization of which any individual partner is a manager;

(3) for a corporation,

(A) the corporation's shareholders who hold 10 percent or more of the corporation's stock;

(B) the corporation's officers and directors;

(C) the corporation's partners or joint venturers;

(D) any affiliates of the corporation's partners or joint venturers;

(E) any other corporation of which the subject corporation owns 10 percent or more of the stock;

(F) any other corporation for which the subject corporation appoints one or more directors;

(G) any other corporation of which 10 percent or more of the stock is held by a shareholder holding 10 percent or more of the subject corporation's stock;

(H) any limited liability organization of which the subject corporation is a member and of which the subject corporation holds 10 percent or more of the limited liability organization's ownership interest;

(I) any limited liability organization for which the subject corporation appoints a manager;

(J) any limited liability organization of which a shareholder holding 10 percent or more of the subject corporation's stock is a member who holds 10 percent or more of the limited liability organization's ownership interest; and

(K) any limited liability organization of which a shareholder holding 10 percent or more of the subject corporation's stock is a manager;

(4) other persons who have significant control or influence over a person as determined by the board;

(5) for a limited liability organization,

(A) the limited liability organization's manager

(B) a limited liability organization's members who hold 10 percent or more of the limited liability organization's ownership interest;

(C) a limited liability organization's partners or joint venturers;

(D) any affiliates of a limited liability organization's partners or joint venturers;

(E) any other limited liability organization of which the subject limited liability organization is a member;

(F) any corporation of which the limited liability organization owns 10 percent of more of the stock;

(G) any corporation for which the limited liability organization appoints one or more directors;

(H) and any corporation of which 10 percent of more of the stock is held by a member holding 10 percent or more of the subject limited liability organization's ownership interest.

(b) For the purposes of sec. 169, ch. 8, SLA 2022, a "license issued" means a license in active status or in approved delegated status before January 1, 2024.

3 AAC 305.950

Eff. 1/1/2024, Register 248, January 2024

Authority:AS 04.06.090

AS 04.06.100

Sec. 169, ch. 8, SLA 2022