Alaska Statutes 18.55.260 – Legality of corporation’s bonds as investments
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 18.55.260
- 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.
Bonds of the corporation that are issued under Alaska Stat. § 18.55.100 – 18.55.290 are legal and proper investments and security for public and private banking, insurance, and trust funds.