Alaska § 21.40.060 - Exemption of registered or closely held equity securities.
Full text of Alaska Alaska Statutes § 21.40.060 — Exemption of registered or closely held equity securities., with citation guidance and answers to common questions.
§ 21.40.060. Exemption of registered or closely held equity securities.
AS 21.40.010 — 21.40.030 do not apply to equity securities of a domestic stock insurance company if (1) the securities are registered, or are required to be registered, under 15 U.S.C. 78l (§ 12, Securities Exchange Act of 1934), as amended; or
(2) the domestic stock insurance company does not have a class of its equity securities held of record by 100 or more persons on the last business day of the year preceding the year in which equity securities of the company would be subject to AS 21.40.010 — 21.40.030 except for the provisions of this section.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 21.40.060
What does Alaska Statutes § 21.40.060 cover?
Section 21.40.060 ("Exemption of registered or closely held equity securities.") 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 § 21.40.060?
A common citation format is "Alaska Statutes § 21.40.060" (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 § 21.40.060 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.