Alaska Statutes 14.42.150 – Administration of affairs
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Terms Used In Alaska Statutes 14.42.150
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- board: means the state Board of Education and Early Development. See Alaska Statutes 14.60.010
- 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.
The board shall manage the assets and business of the corporation and may adopt bylaws and regulations, in accordance with Alaska Stat. Chapter 44.62 (Administrative Procedure Act), governing the manner in which the business of the corporation is conducted and the manner in which its powers are exercised. The board shall delegate supervision of the administration of the corporation to the executive officer of the corporation.