Alaska Statutes 10.45.040 – Prohibition against engaging in business
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 10.45.040
- 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.
A professional corporation may not engage in business; however, it may own real and personal property necessary for or appropriate in rendering its own professional services and may invest its funds in all types of investments.