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.
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