Alaska Statutes 26.27.320 – Legality of corporation bonds as investments

Current as of: 2023 | Check for updates | Other versions

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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 are legal and proper investments and security for public and private banking, insurance, and trust funds.