Section 10.20.920. Definitions.

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.

Authorities

10.20.720

Notes

Recent Bills that will modify this

HB 122 CORPORATION/LLC/PARTNERSHIP REPORTS

References

AS 10.20.720

History

(Sec. 1 ch 99 SLA 1968; am Sec. 71 ch 218 SLA 1976)