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- Alaska Statutes.
- Title 10. Corporations and Associations
- Chapter 40. Religious Corporations
- Section 70. Corporate Powers.
previous: Section 60
. Corporate Existence.
next: Section 80
. Execution of Instruments.
AS 10.40.070. Corporate Powers.
A corporation organized under this chapter may
- (1) acquire by donation, gift, bequest, devise or purchase, and hold and maintain real and personal property, and grant,
sell, convey or otherwise dispose of property as may be necessary to carry on or promote the objects of the
corporation, but not for the purpose of obtaining revenue or profits from the property;
- (2) borrow money and give written obligations for repayment, and give mortgages or other liens upon real or personal
property to secure payment of written obligations, when necessary to promote the objects of the corporation;
- (3) enter into contracts;
- (4) sue and be sued;
- (5) adopt and use a common seal by which all deeds and acts of the corporation may be authenticated.
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