(a) Except with respect to a federal covered security or a transaction involving a federal covered security, an order under this chapter may deny, suspend application of, condition, limit, or revoke an exemption created under Alaska Stat. § 45.56.110(3)(C), (7), or (8), 45.56.120, or 45.56.130, or an exemption or waiver created under Alaska Stat. § 45.56.150 with respect to a specific security, transaction, or offer. An order under this subsection may be issued only under the procedures in Alaska Stat. § 45.56.230(d) or 45.56.690 and only prospectively.
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Terms Used In Alaska Statutes 45.56.160

  • 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
  • offer to purchase: includes an attempt or offer to obtain, or solicitation of an offer to sell, a security or interest in a security for value. 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
  • sale: includes every contract of sale, contract to sell, or disposition of a security or interest in a security for value, and "offer to sell" includes every attempt or offer to dispose of, or solicitation of an offer to purchase, a security or interest in a security for value. See Alaska Statutes 45.56.900
  • security: means a note. See Alaska Statutes 45.56.900
(b) A person does not violate Alaska Stat. § 45.56.100, 45.56.170 – 45.56.190, 45.56.210, 45.56.230, 45.56.550, or 45.56.720 by an offer to sell, offer to purchase, sale, or purchase effected after the entry of an order issued under this section if the person did not know and, in the exercise of reasonable care, could not have known, of the order.
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