Alaska Statutes 45.50.840 – Definitions
Current as of: 2023 | Check for updates
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In Alaska Stat. § 45.50.800 – 45.50.830, unless the context otherwise requires,
Terms Used In Alaska Statutes 45.50.840
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- 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