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- Alaska Statutes.
- Title 10. Corporations and Associations
- Chapter 13. Alaska Bidco Act
- Section 730. Cease and Desist Orders For Unsafe and Unsound Acts.
previous: Section 720
. Cease and Desist Orders For Violations By Licensees or Subject Persons.
next: Section 740
. Other Cease and Desist Orders.
AS 10.13.730. Cease and Desist Orders For Unsafe and Unsound Acts.
After notice and a hearing, if the department determines that a licensee or subject person of a licensee has engaged in
or that there is a reasonable cause to believe that the licensee or subject person is about to engage in an unsafe or
unsound act with respect to the business of the licensee, the department may order the licensee or subject person to
cease and desist from the action. The order may require the licensee or subject person to take affirmative action to
correct a condition resulting from the action.
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