Alaska Statutes 10.13.730 – Cease and desist orders for unsafe and unsound acts
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 10.13.730
- action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
- person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
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.