The following entities may not participate in a transaction under this chapter:
- (1) a financial institution; in this paragraph, “financial institution” has the meaning given in AS 06.01.050;
- (2) an insurer regulated by AS 21, including a fraternal benefit society regulated under AS 21.84;
- (3) a business and industrial development corporation under AS 10.10;
- (4) a BIDCO under AS 10.13;
- (5) a cooperative under AS 10.15;
- (6) a cooperative under AS 10.25 (Electric and Telephone Cooperative Act);
- (7) a public corporation; or
- (8) a municipality.