The commissioner may assist in and encourage the formation of qualified salmon fishery associations for the purpose of promoting the consolidation of the fishing fleet in a salmon fishery for which the Alaska Commercial Fisheries Entry Commission has issued commercial fishing entry permits under Alaska Stat. Chapter 16.43. A salmon fishery association is qualified if the commissioner determines that the regional association

(1) is incorporated as a nonprofit corporation under Alaska Stat. Chapter 10.20;
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Terms Used In Alaska Statutes 16.40.250

  • 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.
(2) is comprised of interim-use permit and entry permit holders in the salmon fishery for which the association is established; and
(3) has a board of directors that is comprised of interim-use permit and entry permit holders in the salmon fishery.
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