LegalFix

Sec. 10.20.920. Definitions.

AK Stat § 10.20.920 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

In this chapter, unless the context otherwise requires,

(1) “articles of incorporation” means the original or restated articles of incorporation or articles of consolidation and all amendments to them, including articles of merger;

(2) “board of directors” means the group of persons vested with the management of the affairs of the corporation irrespective of the name by which the group is designated;

(3) “bylaws” means the code or codes of rules adopted for the regulation or management of the affairs of the corporation irrespective of the name or names by which the rules are designated;

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

(5) “corporation” or “domestic corporation” means a nonprofit corporation subject to the provisions of this chapter, except a foreign corporation;

(6) “department” means the Department of Commerce, Community, and Economic Development;

(7) “foreign corporation” means a nonprofit corporation organized under laws other than the laws of this state;

(8) “member” means one having membership rights in a corporation in accordance with the provisions of its articles of incorporation or bylaws;

(9) “nonprofit corporation” means a corporation no part of the income or profit of which is distributed to its members, directors, or officers.

LegalFix

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.
Sec. 10.20.920. Definitions.