Alaska Statutes 18.55.410 – Power to sell, transfer, or dispose of projects
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 18.55.410
- 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.
The corporation may at any time sell, transfer, or otherwise dispose of a housing project under Alaska Stat. § 18.55.300 – 18.55.470 to the federal government, provided the corporation is completely relieved of all obligations assumed or guaranteed by it in connection with the housing project. Upon the disposal, the provisions of Alaska Stat. § 18.55.300 – 18.55.470 no longer apply to the housing project.