Alaska Admin. Code tit. 3, § 08.650 – Escrow, lock-in, and impound provisions for small corporate offerings

(a) Promotional shares in an offering under 3 AAC 08.600 - 3 AAC 08.640 are subject to the escrow and lock-in requirements of 3 AAC 08.180 - 3 AAC 08.186.
(b) If the proposed business of the issuer requires a minimum amount of proceeds to commence or continue the business in the manner proposed, impoundment of the sale proceeds are subject to the requirements of 3 AAC 08.190.

(Eff. 9/18/91, Register 119; am 4/19/2000, Register 154)

Authority: AS 45.55.110, AS 45.55.950