reglab/housing_qa huggingface dataset:
AK Stat § 10.13.770 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 7. Enforcement.|Sec. 10.13.770. Hearings on orders; rescission and modification.

(a) Within 30 days after an order is issued under AS 10.13.710, 10.13.740, 10.13.750(c), or 10.13.760, the licensee or subject person of a licensee to whom the order is directed may file with the department an application for a hearing on the order. (b) If the department fails to promptly notify the office of administrative hearings (AS 44.64.010) of the application and the office fails to begin a hearing within 15 business days after the application is filed or within a longer period to which the licensee or subject person consents, the order shall be considered rescinded. (c) After the hearing, the department shall affirm, modify, or rescind the order. (d) A person to whom an order is issued under this section may apply to the department to modify or rescind the order. The department may not modify or rescind the order unless the department determines that it is in the public interest to do so and that it is reasonable to believe that the person will comply with this chapter. (e) The right of a licensee or subject person to whom an order is issued under AS 10.13.710, 10.13.740, 10.13.750(c), or 10.13.760 to an interlocutory review of the order is not affected by the failure of the licensee or subject person to apply to the department for a hearing on the order issued under this section.
AK Stat § 10.13.780 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 7. Enforcement.|Sec. 10.13.780. Disclosure to shareholders.

If the department determines that the results of a department communication or order addressed to the licensee or to a subject person of the licensee should be disclosed to the licensee's shareholders, the department may require the licensee to make the disclosure in the form and manner determined by the department.
AK Stat § 10.13.790 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 7. Enforcement.|Sec. 10.13.790. Meetings of directors and shareholders called by department.

(a) If the department considers it expedient, the department may call a meeting of the board of directors or of the shareholders of a licensee. (b) The department shall send notification of the time, place, and purpose of the meeting not less than five days before the meeting to each director, if a directors' meeting, or to each shareholder, if a shareholders' meeting, either by personal service or by registered or certified mail sent to the person's last known address as shown in the records of the department. (c) The licensee shall pay the notice and meeting expenses for a meeting of shareholders called under (a) of this section.
AK Stat § 10.13.800 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 7. Enforcement.|Sec. 10.13.800. Orders restricting additional financing assistance.

(a) The department may issue an order directing a licensee to refrain from providing additional financing assistance to businesses if, in the opinion of the department, the order is necessary to protect the interests of the licensee or the public, and if, after notice and a hearing, the department determines that (1) the licensee or a controlling person, subsidiary, or affiliate of the licensee has violated this chapter or another applicable law; (2) the licensee is conducting the licensee's business in an unsafe and unsound manner; (3) the licensee is in a condition that makes it unsafe or unsound for the licensee to transact business; (4) the licensee has ceased to transact business as a BIDCO; (5) the licensee is insolvent; (6) the licensee has suspended payment of the licensee's obligations, has made an assignment for the benefit of the licensee's creditors, or has admitted in writing the licensee's inability to pay the licensee's debts as the debts become due; (7) the licensee has applied for an adjudication of bankruptcy, reorganization, arrangement, or other relief under a bankruptcy, reorganization, insolvency, or moratorium law, an involuntary petition in bankruptcy against the person has not been dismissed in 90 days, or a person has applied for the relief under the law against a licensee and the relief has been granted or the licensee has by an affirmative act approved of or consented to the action; or (8) a fact or condition exists that would have been grounds for denying the licensee a license if the fact or condition had existed when the licensee applied for the license. (b) If the department determines that a factor in (a) of this section is true with respect to a licensee and that it is necessary for the protection of the interests of the licensee or the public that the department immediately prevent the licensee from providing additional financing assistance to businesses, the department may issue the order without a hearing. (c) If the department consents, a licensee that has been the subject of an order under (a) or (b) of this section may resume providing financing assistance to businesses under the conditions that the department prescribes. (d) A person to whom an order is issued under (a) or (b) of this section may apply to the department to modify or rescind the order. The department may not grant the application unless the department determines that it is in the interest of the public to do so and that it is reasonable to believe that the person will comply with this chapter.
AK Stat § 10.13.810 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 7. Enforcement.|Sec. 10.13.810. Taking possession of licensee.

(a) If the department finds that a factor in AS 10.13.800 is true with respect to a licensee and that it is necessary for the protection of the interests of the licensee or of the public, the department may take immediate possession of the property and business of the licensee and appoint a conservator for the licensee. (b) The department may appoint as conservator one of the employees of the department or another competent and disinterested person. The department shall be reimbursed out of the assets of the conservatorship for all money expended by the department in connection with the conservatorship. Upon the approval of the department, the expenses of the conservatorship paid for by the department shall be paid out of the assets of the licensee. Payment of the department expenses shall take priority over other payments from the assets and shall be fully paid before a final distribution is made. (c) Under the direction of the department, the conservator shall take possession of the books, records, and assets of the licensee and shall take other action that is necessary to conserve the assets of the licensee or to ensure payment of obligations of the licensee pending further disposition of the licensee's business. (d) At an appropriate time, the department may terminate the conservatorship and permit the licensee to resume the transaction of the licensee's business subject to the terms, conditions, restrictions, and limitations the department prescribes.
AK Stat § 10.13.820 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 7. Enforcement.|Sec. 10.13.820. Receivership.

(a) The department may apply to the superior court for the appointment of a receiver for a licensee, if the department determines that the licensee should be liquidated because (1) the licensee is insolvent; (2) the licensee has suspended payment of the licensee's obligations, has made an assignment for the benefit of the licensee's creditors, or has admitted in writing the licensee's inability to pay the licensee's debts as the debts become due; (3) the licensee has applied for an adjudication of bankruptcy, reorganization, arrangement, or other relief under a bankruptcy, reorganization, insolvency, or moratorium law; (4) a person has applied for the relief described under (3) of this subsection against a licensee and the licensee has by an affirmative act approved of or consented to the action or the relief has been granted; or (5) the licensee is in a condition that makes it unsafe or unsound for the licensee to transact business. (b) If a receiver is appointed under (a) of this section, the receiver shall liquidate the property and business of the licensee.
AK Stat § 10.13.830 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 7. Enforcement.|Sec. 10.13.830. Civil penalty.

(a) If after notice and a hearing the department finds that a person has violated this chapter, the department may order the person to pay to the department a civil penalty in the amount the department specifies. The civil penalty may not exceed $1,000 for each violation, or in the case of a continuing violation, $1,000 for each day the violation continues. (b) This section does not apply to an act committed or omitted in good faith in conformity with an order, regulation, declaratory ruling, or written interpretative opinion of the department, even if the order, regulation, declaratory ruling, or written interpretative opinion is later amended, rescinded, or repealed, or determined by judicial or other authority to be invalid. (c) The provisions of (a) of this section are in addition to, and not alternative to, the other provisions of this chapter that authorize the department to issue orders or to take other action on account of a violation of this chapter.
AK Stat § 10.13.850 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 8. General Provisions.|Sec. 10.13.850. Construction of chapter.

This chapter shall be liberally construed to accomplish its purposes.
AK Stat § 10.13.860 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 8. General Provisions.|Sec. 10.13.860. Application of Administrative Procedure Act to proceedings.

A proceeding under AS 10.13.830 is subject to AS 44.62 (Administrative Procedure Act). Except as otherwise provided in this chapter, other proceedings and actions under this chapter are exempt from AS 44.62.
AK Stat § 10.13.870 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 8. General Provisions.|Sec. 10.13.870. Appeals.

A final order of an administrative proceeding under AS 10.13.710 - 10.13.760, 10.13.800, 10.13.810, or 10.13.830 may be appealed to the superior court.
AK Stat § 10.13.880 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 8. General Provisions.|Sec. 10.13.880. Application of law under which licensee incorporated.

Except as otherwise provided in this section, the provisions of the law under which a licensee is incorporated apply to the licensee. If a provision of the licensee's incorporating law conflicts with a provision of this chapter, this chapter controls.
AK Stat § 10.13.890 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 8. General Provisions.|Sec. 10.13.890. Associates.

(a) In AS 10.13.300 - 10.13.320 and 10.13.630 - 10.13.660, a person who is an associate within six months before or after a licensee provides financing assistance shall be considered to be an associate as of the date the licensee provides the assistance. (b) If a licensee, in order to protect the licensee's interests, designates a person to serve as a director of, officer of, or in a management capacity of a business to which the licensee provides financial assistance, the person may not, on that account, be considered to be an associate under AS 10.13.300 - 10.13.310 or 10.13.630 - 10.13.660. This subsection does not apply if the person has, directly or indirectly, another financial interest in the business or if the person, at any time before the licensee provides the financing assistance, served as a director of, officer of, or in another capacity in the management of the business for a period of 30 days or more.
AK Stat § 10.13.900 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 8. General Provisions.|Sec. 10.13.900. Other licenses.

A corporation that is licensed under this chapter may apply for and be issued a license under another law of the state, federal government, or of another state in the United States unless the transaction of business by the corporation as a licensee under the other license would violate this chapter or would be contrary to the purposes of this chapter.
AK Stat § 10.13.910 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 8. General Provisions.|Sec. 10.13.910. Exemption.

A licensee is not subject to the provisions of AS 06.
AK Stat § 10.13.920 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 8. General Provisions.|Sec. 10.13.920. Department authority regarding conflicts of interest.

The provisions of this chapter relating to conflicts of interest do not limit the authority of the department to determine that an act involves a conflict of interest and is therefore an unsafe or unsound act.
AK Stat § 10.13.930 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 8. General Provisions.|Sec. 10.13.930. Confidentiality.

(a) The commissioner, deputies, and other employees of the department may not disclose information acquired by them in the discharge of their duties under this chapter except to the extent disclosure of the information is required by law, other than the public records provisions of AS 40.25.110 - 40.25.220, or is required by court order. (b) Notwithstanding (a) of this section, the department may disclose information that is confidential under (a) of this section if the department determines that disclosure of the information is necessary to promote the public interest. This subsection does not authorize the disclosure of information acquired by the department in the course of an examination of a licensee. (c) [Repealed, § 4 ch 26 SLA 2018.] (d) A BIDCO may provide to a current or prospective creditor or shareholder of the BIDCO a copy of an examination report on the BIDCO made by the department under this chapter.
AK Stat § 10.13.995 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 13. Alaska BIDCO Act|Article 8. General Provisions.|Sec. 10.13.995. Short title.

This chapter may be cited as the Alaska BIDCO Act.
AK Stat § 10.15.005 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 15. Alaska Cooperative Corporation Act|Article 1. Substantive Provisions.|Sec. 10.15.005. Purposes for which cooperatives may be organized.

A cooperative may be organized under this chapter for any lawful purpose, except for the purpose of banking or insurance or the furnishing of electric or telephone or related telecommunications service.
AK Stat § 10.15.010 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 15. Alaska Cooperative Corporation Act|Article 1. Substantive Provisions.|Sec. 10.15.010. General powers.

Each cooperative may (1) have perpetual succession unless a limited period of duration is stated in its articles; (2) sue and be sued, complain and defend, in its corporate name; (3) adopt a corporate seal and alter it, and use it by having it or a facsimile of it impressed, affixed, or reproduced; (4) buy, take, receive, lease, take by gift, devise or bequest, or otherwise acquire, own, hold, improve, use and otherwise deal in, real or personal property, wherever situated; (5) sell, convey, mortgage, pledge, lease, exchange, transfer and otherwise dispose of its property and assets; (6) buy, take, receive, subscribe for, or otherwise acquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge, or otherwise dispose of, and otherwise use and deal in, shares or other interests in, or obligations of, other domestic or foreign cooperatives and corporations, partnerships or individuals, or direct or indirect obligations of the United States or of any other government, state, territory, or its governmental district or municipality or instrumentality; (7) make contracts and incur liabilities, borrow money at the rates of interest the cooperative determines, issue notes, bonds, certificates of indebtedness and other obligations, issue certificates representing equity interests in its assets, and secure its obligations by mortgage or pledge of its property, franchise and income; (8) lend money for its corporation purposes, invest and reinvest its funds and take and hold real and personal property as security for the payment of funds loaned or invested; (9) conduct business and affairs and have offices and exercise its powers in a state, territory, district or possession of the United States, or in a foreign country; (10) elect or appoint officers and agents, and define their duties and fix their compensation; (11) make and alter bylaws, consistent with its articles and the laws of the state, for the administration and regulation of its affairs; (12) donate for the public welfare or for charitable, scientific or educational purposes; (13) indemnify a director, officer or agent or former director, officer or agent, or a person who may have served at its request as a director or officer of another domestic or foreign cooperative of which it is a member, against expenses necessarily incurred in defense of a proceeding in which that person is a party because that person served as a director, officer or agent, but this paragraph does not apply to proceedings in which the director, officer or agent is adjudged liable for negligence or misconduct in the performance of duty, and indemnification under this paragraph is not exclusive of other rights to which the director, officer or agent may have been entitled; (14) cease its activities and surrender its franchise; (15) have and exercise all powers necessary or convenient to carry out the purposes for which the cooperative is organized.
AK Stat § 10.15.015 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 15. Alaska Cooperative Corporation Act|Article 1. Substantive Provisions.|Sec. 10.15.015. Bylaws.

The board of directors shall adopt the initial bylaws of a cooperative. The members of the cooperative may alter, amend or repeal the bylaws or adopt new bylaws. Bylaws may contain provisions for the regulation and management of the affairs of the cooperative not inconsistent with law or the articles.
AK Stat § 10.15.020 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 15. Alaska Cooperative Corporation Act|Article 1. Substantive Provisions.|Sec. 10.15.020. Membership.

(a) Membership in a cooperative is conditioned on ownership of a share of membership stock or payment of a membership fee as set forth in the articles. However, the bylaws of a cooperative may authorize membership conditioned upon payment of part of the membership fee or payment for part of the membership stock subscribed for and compliance with an agreement to pay the balance. (b) The bylaws of the cooperative shall set forth the qualifications for membership and method of acceptance of members; however, the bylaws may not deny membership privileges or votes to any owner or holder of a producer's certificate of equity if they own or hold payable or past due certificates of $2,500 or more. (c) Bylaws may provide for termination of membership and the conditions and terms of termination.
AK Stat § 10.15.025 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 15. Alaska Cooperative Corporation Act|Article 1. Substantive Provisions.|Sec. 10.15.025. Registered office and registered agent.

Each cooperative shall continuously maintain in this state a registered (1) office which may, but need not, be the same as its place of business; (2) agent, who may be either an individual resident in the state whose business office is identical with the registered office, or a domestic corporation having a business office identical with the registered office, or a foreign corporation authorized to transact business in the state and having a business office identical with the registered office.
AK Stat § 10.15.030 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 15. Alaska Cooperative Corporation Act|Article 1. Substantive Provisions.|Sec. 10.15.030. Change of registered office or agent.

A cooperative may change its registered office or registered agent under the procedure set out in AS 10.06.165, and a person who has been designated by a cooperative as its registered agent may resign under the procedure set out in AS 10.06.170.
AK Stat § 10.15.035 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 15. Alaska Cooperative Corporation Act|Article 1. Substantive Provisions.|Sec. 10.15.035. Service on agent is service on cooperative.

A registered agent appointed by a cooperative is an agent of the cooperative upon whom process, notice or demand required or permitted by law to be served upon the cooperative may be served.
AK Stat § 10.15.040 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 15. Alaska Cooperative Corporation Act|Article 1. Substantive Provisions.|Sec. 10.15.040. Defense of ultra vires.

An act or a transfer of property to or by a cooperative is not invalid because it is in excess of the cooperative's power to do the act or make or receive the transfer, except that the lack of power may be asserted in a proceeding by (1) a member, shareholder or director against the cooperative to enjoin an act or transfer of property to or by the cooperative; if the unauthorized act or transfer sought to be enjoined is being, or is to be, performed or made under a contract to which the cooperative is a party, the court may, if all of the parties to the contract are parties to the proceeding and if it considers it equitable, set aside and enjoin the performance of the contract, and in so doing may allow to the cooperative or to the other parties to the contract compensation for the loss or damage sustained by either of them resulting from the action of the court in setting aside and enjoining the performance of the contract; but the court may not award anticipated profits to be derived from the performance of the contract as a loss or damage sustained; (2) a cooperative, its legal representative, or through its members or shareholders in a representative suit, against the officers or directors or former officers and directors of the cooperative; (3) the attorney general against the cooperative in an action to dissolve the cooperative or to enjoin it from the transaction of unauthorized business.
AK Stat § 10.15.045 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 15. Alaska Cooperative Corporation Act|Article 1. Substantive Provisions.|Sec. 10.15.045. Capital stock.

A cooperative, including a cooperative that requires a membership fee rather than the holding of membership stock as a prerequisite of membership, may issue the number of shares of capital stock stated in its articles. The shares may be divided into more than one class with the designations, preferences, limitations and relative rights stated in the articles, except that capital stock has no voting power except as specifically authorized in this chapter.
AK Stat § 10.15.050 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 15. Alaska Cooperative Corporation Act|Article 1. Substantive Provisions.|Sec. 10.15.050. Membership stock.

The articles may require that members own one or more shares of membership stock, and may provide limitations on the issuance and transferability of the stock.