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As used in AS 39.50 and 2 AAC 50.010 - 2 AAC 50.200, "controlling interest" in a corporation means ownership of more than 50 percent interest or more than 50 percent of the outstanding shares at any time during the preceding calendar year.
History: Eff. 5/16/76, Register 58; am 7/20/95, Register 135; am 1/1/2001, Register 156
Authority: AS 15.13.030
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Last modified 7/05/2006