The stockholders and the members of the corporation have the following powers of the corporation:

(1) to determine the number of and elect directors as provided in Alaska Stat. § 10.10.120;

Terms Used In Alaska Statutes 10.10.090

  • corporation: means the Alaska Business and Industrial Development Corporation created under this chapter. See Alaska Statutes 10.10.210
  • 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.
(2) to make, amend, and repeal bylaws;
(3) to amend this charter as provided in Alaska Stat. § 10.10.110;
(4) to dissolve the corporation as provided in Alaska Stat. § 10.10.180;
(5) to do all things necessary or desirable to secure aid, assistance loans and other financing from any financial institutions, and from any agency established under 15 U.S.C. § 661 – 697 (Small Business Investment Act of 1958), or other similar federal laws now or hereafter enacted;
(6) to exercise other of the powers of the corporation consistent with this chapter which may be conferred on the stockholders and the members by the bylaws.
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