In addition to the other powers given by this chapter and the powers conferred on the licensee by the laws under which it is incorporated that are not inconsistent with this chapter, a licensee may

(1) borrow money and otherwise incur indebtedness for the licensee’s purposes, including the issuing of corporate bonds, debentures, notes, and other evidence of indebtedness; a licensee’s indebtedness may be secured or unsecured, and may involve equity features, including provisions for conversion to stock and warrants to purchase stock;

Terms Used In Alaska Statutes 10.13.190

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Personal property: All property that is not real property.
  • personal property: includes money, goods, chattels, things in action, and evidences of debt. See Alaska Statutes 01.10.060
  • property: includes real and personal property. See Alaska Statutes 01.10.060
(2) make contracts;
(3) incur and pay necessary and incidental operating expenses;
(4) purchase, receive, hold, lease, acquire, sell, convey, mortgage, pledge, or otherwise acquire or dispose of real or personal property, and the rights and privileges that are incidental and appurtenant to the transactions, if the real or personal property is for the licensee’s use in operating the licensee’s business or if the real or personal property is acquired by the licensee from time to time in satisfaction of debts or the enforcement of obligations;
(5) make donations for charitable, educational, research, or similar purposes;
(6) provide financing assistance and management assistance to businesses and establish the terms and conditions of the assistance;
(7) implement a reasonable and prudent policy for conserving and investing the licensee’s money before the money is used to provide financing assistance to businesses or to pay the expenses of the licensee;
(8) exercise the incidental powers that are necessary, convenient, or reasonably related to providing financing assistance and management assistance to businesses.
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