(a) Except as provided under AS 04.11.450(g)(2), in this chapter, "affiliate" means
(1) an individual's general partners and joint venturers, including
- (A) any corporation of which the individual owns 10 percent or more of the stock;
- (B) any corporation of which the individual is an officer or director;
- (C) any limited liability organization of which the individual is a member who holds 10 percent or more of the limited liability organization's ownership interest; and
- (D) any limited liability organization of which the individual is a manager;
(2) a partnership's partners or joint venturers, including
- (A) any affiliates of a partnership's partners or joint venturers;
- (B) any corporation of which the partnership or any individual partner holds 10 percent or more of the stock;
- (C) any corporation of which any individual partner is an officer or director;
- (D) any limited liability organization of which the partnership or any individual partner is a member who holds 10 percent or more of the limited liability organization's ownership interest; and
- (E) any limited liability organization of which any individual partner is a manager;
(3) for a corporation,
- (A) the corporation's shareholders who hold 10 percent or more of the corporation's stock;
- (B) the corporation's officers and directors;
- (C) the corporation's partners or joint venturers;
- (D) any affiliates of the corporation's partners or joint venturers;
- (E) any other corporation of which the subject corporation owns 10 percent or more of the stock;
- (F) any other corporation for which the subject corporation appoints one or more directors;
- (G) any other corporation of which 10 percent or more of the stock is held by a shareholder holding 10 percent or more of the subject corporation's stock;
- (H) any limited liability organization of which the subject corporation is a member and of which the subject corporation holds 10 percent or more of the limited liability organization's ownership interest;
- (I) any limited liability organization for which the subject corporation appoints a manager;
- (J) any limited liability organization of which a shareholder holding 10 percent or more of the subject corporation's stock is a member who holds 10 percent or more of the limited liability organization's ownership interest; and
- (K) any limited liability organization of which a shareholder holding 10 percent or more of the subject corporation's stock is a manager;
- (4) other persons who have significant control or influence over a person as determined by the board;
(5) for a limited liability organization,
- (A) the limited liability organization's manager
- (B) a limited liability organization's members who hold 10 percent or more of the limited liability organization's ownership interest;
- (C) a limited liability organization's partners or joint venturers;
- (D) any affiliates of a limited liability organization's partners or joint venturers;
- (E) any other limited liability organization of which the subject limited liability organization is a member;
- (F) any corporation of which the limited liability organization owns 10 percent of more of the stock;
- (G) any corporation for which the limited liability organization appoints one or more directors;
- (H) and any corporation of which 10 percent of more of the stock is held by a member holding 10 percent or more of the subject limited liability organization's ownership interest.
- (b) For the purposes of sec. 169, ch. 8, SLA 2022, a "license issued" means a license in active status or in approved delegated status before January 1, 2024.
(Eff. 1/1/2024, Register 248)
Authority: AS 04.06.090, AS 04.06.100