In this chapter, unless the context otherwise requires,

Terms Used In Alaska Statutes 10.10.210

  • commissioner: means the commissioner of commerce, community, and economic development. See Alaska Statutes 10.10.210
  • corporation: means the Alaska Business and Industrial Development Corporation created under this chapter. See Alaska Statutes 10.10.210
  • financial institution: means a banking corporation or trust company, savings and loan association, insurance company or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing funds. See Alaska Statutes 10.10.210
  • member: means a financial institution authorized to do business within this state that undertakes to lend money to a corporation created under this chapter, upon its call, and in accordance with this chapter. See Alaska Statutes 10.10.210

(1) “board of directors” means the board of directors of the corporation created under this chapter;

(2) “commissioner” means the commissioner of commerce, community, and economic development;

(3) “corporation” means the Alaska Business and Industrial Development Corporation created under this chapter;

(4) “financial institution” means a banking corporation or trust company, savings and loan association, insurance company or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing funds;

(5) “loan limit” means for any member, the maximum amount permitted to be outstanding at one time on loans made by the member to the corporation, as determined under this chapter;

(6) “member” means a financial institution authorized to do business within this state that undertakes to lend money to a corporation created under this chapter, upon its call, and in accordance with this chapter.