Terms Used In Alaska Statutes 03.13.020

  • 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.

Under the agreement, the department shall pay to the corporation for each covered producer an amount equal to the amount that the corporation pays for that producer under 7 U.S.C. § 1508(b)(3) of the Federal Crop Insurance Act (7 U.S.C. § 15011520), except as provided otherwise in this chapter.