(a) Subject to the other requirements of this section and after reviewing a response submitted by the person under (b) of this section, the department may issue an order denying, suspending, or revoking a registration or renewal of a registration made by a person under Alaska Stat. § 45.66.010 – 45.66.030, or prohibiting a person from selling or offering to sell business opportunities, if the department finds that

lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Alaska Statutes 45.66.200

  • action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • Personal property: All property that is not real property.
  • personal property: includes money, goods, chattels, things in action, and evidences of debt. See Alaska Statutes 01.10.060
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(1) the person failed to comply with this chapter or the regulations adopted under this chapter;
(2) the sale or offer to sell would constitute, or has constituted, a misrepresentation of, deceit of, or fraud on the buyer;
(3) the nature of the person’s business enterprise or method of business or the nature or method of the business opportunity includes activities that are illegal where performed;
(4) the person failed to file a document, information, fee, or bond required by Alaska Stat. § 45.66.010 – 45.66.060;
(5) the literature or advertising of the person or of another person recommended by the person is misleading, incorrect, materially incomplete, or deceptive;
(6) a person identified in the registration represents an unreasonable risk to the public interest and

(A) has been convicted of

(i) a felony or misdemeanor involving fraud, theft, embezzlement, fraudulent conversion, misappropriation of property, or the use of untrue or misleading representations in the sale of or offer to sell or otherwise dispose of real or personal property;
(ii) violations under this chapter, violations of Alaska Stat. Chapter 45.63 (solicitations by telephonic means), violations of Alaska Stat. Chapter 45.68 (charitable solicitations), or an unfair trade practice prohibited by Alaska Stat. § 45.50.471 – 45.50.561, or a substantially similar law of another jurisdiction; or
(iii) a violation of securities or investment laws;
(B) is subject to a final order or judgment against the person in a civil or administrative action, including a stipulated order or judgment, if the complaint or petition in the action alleged acts constituting

(i) a violation of this chapter or a substantially similar law of another jurisdiction;
(ii) fraud, theft, embezzlement, fraudulent conversion, or misappropriation of real or personal property;
(iii) the use of untrue or misleading representations in an offer to sell or dispose of real or personal property;
(iv) the use of unfair trade practices under Alaska Stat. § 45.50.471 – 45.50.561 or a substantially similar law of another jurisdiction;
(v) a violation of Alaska Stat. Chapter 45.63 or Alaska Stat. Chapter 45.68, or a substantially similar law of another jurisdiction; or
(vi) a violation of securities or investment laws;
(C) is subject to an injunction relating to business activity if the injunction resulted from an action brought by a federal, state, or local public agency, including an action related to an occupational license under Alaska Stat. Title 8.
(b) Before issuing an order to a person under (a) of this section, the department shall send by certified mail to the address set out in the person’s registration or renewal of registration a notice of intent to issue the order. In the notice, the department shall provide the facts supporting the denial, suspension, or revocation of the registration or renewal of the registration. The person may respond to the notice by submitting a statement signed under penalty of perjury by the person or by an owner or officer of the person.
  Previous section
Next section  
 Chapter 66 Contents