Alaska Statutes > Title 44 > Chapter 37 > Article 4 – Tax Credit Certificates and Overriding Royalties
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| § 44.37.230 | Duties of the department with respect to purchases of tax credit certificates and overriding royalty interest agreements |
Terms Used In Alaska Statutes > Title 44 > Chapter 37 > Article 4 - Tax Credit Certificates and Overriding Royalties
- 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.
- 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
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- 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