A person may not offer or sell a security in this state unless

(1) the security is a federal covered security;

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Terms Used In Alaska Statutes 45.56.100

  • federal covered security: means a security that is, or upon completion of a transaction will be, a covered security under 15 U. See Alaska Statutes 45.56.900
  • person: means an individual, a corporation, a partnership, a limited liability company, a limited partnership, a limited liability partnership, an association, a joint-stock company, a trust in which the interests of the beneficiaries are evidenced by a security, an unincorporated organization, a government, or a political subdivision of a government. See Alaska Statutes 45.56.900
  • security: means a note. See Alaska Statutes 45.56.900
  • state: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Alaska Statutes 45.56.900
(2) the security is registered under this chapter; or
(3) the security or transaction is exempt from registration under Alaska Stat. § 45.56.110 – 45.56.160.