Alaska § 10.13.650 - Contemporaneous financing assistance.
Full text of Alaska Alaska Statutes § 10.13.650 — Contemporaneous financing assistance., with citation guidance and answers to common questions.
§ 10.13.650. Contemporaneous financing assistance.
(a) If the terms on which a licensee provides financing assistance to a business are less favorable to the licensee than the terms on which an associate of the licensee provides financing assistance to the business, the licensee may not directly or indirectly provide the assistance to the business within one year before or after the associate provides assistance.
(b) If the financing assistance provided by the licensee's associate is of a different kind from the financing assistance provided by the licensee, the burden is on the licensee to prove that the terms on which the licensee provided the financing assistance were at least as favorable to the licensee as the terms on which the associate provided the assistance.
(c) This section does not apply (1) if the associate is a controlling person of the licensee and is also the only shareholder of the licensee;
(2) if the associate is a subsidiary of the licensee;
(3) to a transaction of an associate of a licensee in the normal course of the associate's business involving either a line of credit or financing assistance with a term of not more than five years.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 10.13.650
What does Alaska Statutes § 10.13.650 cover?
Section 10.13.650 ("Contemporaneous financing assistance.") 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 § 10.13.650?
A common citation format is "Alaska Statutes § 10.13.650" (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 § 10.13.650 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.