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Title 3 . Commerce, Community, and Economic Development
Chapter 8 . Land Sales
Section 222. Suitability standards

3 AAC 08.222. Suitability standards

In reviewing the registration application of a commodity or option pool, or other investment considered by the administrator to be above average in terms of risk of loss or volatility, the administrator will, in the administrator's discretion, require that the issuer offer the security only to purchasers with

(1) a minimum annual gross income of $60,000 and a minimum net worth of $60,000, exclusive of principal automobile, principal residence, and home furnishings; or

(2) a minimum net worth of $225,000, exclusive of principal automobile, principal residence, and home furnishings.

History: Eff. 4/19/2000, Register 154

Authority: AS 45.55.120

AS 45.55.950


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Last modified 7/05/2006