- (a) A licensee who accepts money in a fiduciary capacity shall prepare financial statements under AS 21.27.350(c) and 3 AAC 23.500 - 3 AAC 23.720 on a basis no less frequent than annually.
- (b) A licensee's financial statements shall be maintained for the period specified in AS 21.27.350(b).
- (c) Failure to comply with (a) or (b) of this section is a violation of AS 21.27.350 and 21.27.360.
(Eff. 8/29/90, Register 115; am 3/30/2003, Register 165)
Authority: AS 21.06.090, AS 21.27.350, AS 21.27.360