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Terms Used In Alaska Statutes 25.20.010

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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
  • Statute: A law passed by a legislature.

A person is considered to have arrived at majority at the age of 18, and thereafter has control of the person’s own actions and business and has all the rights and is subject to all the liabilities of citizens of full age, except as otherwise provided by statute.