8 AAC 45.185 - Corporate Officers and Members of Limited Liability Companies
(a) For the purposes of
AS
23.30.240, "owns" includes a person's
ownership interest in a corporation or limited liability company as (1) a
beneficiary of a revocable trust that owns a corporation or limited liability
company or (2) owner of another corporation or limited liability company that
owns a corporation or limited liability company,
(1) a beneficiary of a trust that owns a
corporation or limited liability company;
(b) A person who is an executive officer of a
corporation or a member of a limited liability company is not an employee under
the Workers' Compensation Act if the person owns at least 10 percent of the
corporation or limited liability company through the person's documented
ownership interest in a revocable trust, corporation, or limited liability
company.
Notes
Authority:AS 23.30.005
AS 23.30.240
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