Alaska § 10.13.280 - Department approval to hold control of other businesses.
Full text of Alaska Alaska Statutes § 10.13.280 — Department approval to hold control of other businesses., with citation guidance and answers to common questions.
§ 10.13.280. Department approval to hold control of other businesses.
(a) With the approval of the department, a licensee may acquire and hold control of a business not otherwise allowed under AS 10.13.250 — 10.13.270.
(b) The department may not approve an application under (a) of this section unless the department determines that (1) the acquisition and control will not cause the amount of the licensee's investments in businesses covered by this section to exceed 15 percent of the assets of the licensee; and
(2) in the department's judgment the approval will promote the purposes of this chapter.
(c) An approval under (a) of this section may not be for a period of more than three years, unless the department determines that a longer period is necessary and consistent with the purposes of this chapter.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 10.13.280
What does Alaska Statutes § 10.13.280 cover?
Section 10.13.280 ("Department approval to hold control of other businesses.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 10.13.280?
A common citation format is "Alaska Statutes § 10.13.280" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 10.13.280 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.