Terms Used In Alaska Statutes > Title 38 > Chapter 6 - Alaska Royalty Oil and Gas Development Advisory Board

• action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Joint session: When both chambers of a legislature adopt a concurrent resolution to meet together.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
• Quorum: The number of legislators that must be present to do business.
• state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060