Alaska § 43.82.260 - Change of parties to an application or a contract; assignment of interests.
Full text of Alaska Alaska Statutes § 43.82.260 — Change of parties to an application or a contract; assignment of interests., with citation guidance and answers to common questions.
§ 43.82.260. Change of parties to an application or a contract; assignment of interests.
(a) A qualified sponsor or member of a qualified sponsor group may assign an interest in or add or withdraw a party to an application under AS 43.82.120 only if the commissioner has (1) made a finding that the assignment, addition, or withdrawal is consistent with the requirements of AS 43.82.110 ; and
(2) given prior written approval for the assignment, addition, or withdrawal.
(b) A contract developed under this chapter may provide for the assignment to or withdrawal of a qualified sponsor or member of a qualified sponsor group.
(c) Upon being added to an application under this section, a party becomes a qualified sponsor or a member of a qualified sponsor group, as appropriate, for the relevant project.
(d) The commissioner may not unreasonably withhold approval under (a) of this section, but may condition the approval in any way reasonably necessary to protect the fiscal interests of the state and to further the purposes of this chapter.
(e) For purposes of this section, an assignment includes a transfer of stock or a partnership interest in a manner that changes control of a qualified sponsor or member of a qualified sponsor group.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 43.82.260
What does Alaska Statutes § 43.82.260 cover?
Section 43.82.260 ("Change of parties to an application or a contract; assignment of interests.") 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 § 43.82.260?
A common citation format is "Alaska Statutes § 43.82.260" (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 § 43.82.260 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.