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KENNECORP MORTG. v. FIRST NAT. BANK

No. 6696.

685 P.2d 1232 (1984)

KENNECORP MORTGAGE & EQUITIES, INC. and Kennecorp Enterprises, Inc., Appellants, v. FIRST NATIONAL BANK OF FAIRBANKS, Appellee.

Supreme Court of Alaska.

June 29, 1984.

Attorney(s) appearing for the Case

Stephen F. Frost and David E. Grashin, Law Offices of Stephen F. Frost, Anchorage, James E. Moan, Lydy, Moan & Douglas, Toledo, Ohio, for appellants.

Ronald G. Birch and Marc W. June, Birch, Horton, Bittner, Monroe, Pestinger & Anderson, Anchorage, for appellee.

Before BURKE, C.J., RABINOWITZ, MATTHEWS and COMPTON, JJ., and CARPENETI, Superior Court Judge.

OPINION

CARPENETI, Superior Court Judge.

This case raises questions concerning the proper scope of AS 09.05.015, Alaska's long-arm statute, in the context of a default judgment. Appellants are two Ohio corporations, a holding company and its wholly-owned subsidiary, which moved to set aside a default judgment entered against them. They appeal from the superior court's refusal to set aside the default judgment.

FACTS

In 1978, Sailor J. Kennedy...

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