Alaska Statutes: AS 10.10.090. Powers of Stockholders and Members.

Alaska Statutes. Title 10. Corporations and Associations Chapter 10. Business and Industrial Development Corporation Act Section 90. Powers of Stockholders and Members.

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AS 10.10.090. Powers of Stockholders and Members.

The stockholders and the members of the corporation have the following powers of the corporation:

(1) to determine the number of and elect directors as provided in AS 10.10.120;
(2) to make, amend, and repeal bylaws;
(3) to amend this charter as provided in AS 10.10.110 ;
(4) to dissolve the corporation as provided in AS 10.10.180 ;
(5) to do all things necessary or desirable to secure aid, assistance loans and other financing from any financial institutions, and from any agency established under 15 U.S.C. 661 - 697 (Small Business Investment Act of 1958), or other similar federal laws now or hereafter enacted;
(6) to exercise other of the powers of the corporation consistent with this chapter which may be conferred on the stockholders and the members by the bylaws.

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