In this chapter, unless the context indicates otherwise,

(1) “business” includes a trade, an occupation, or a profession;
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Terms Used In Alaska Statutes 32.06.995

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • 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
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
  • Statute: A law passed by a legislature.
(2) “commissioner” means the commissioner of commerce, community, and economic development;
(3) “debtor in bankruptcy” means a person who is the subject of

(A) an order for relief under 11 U.S.C. (Bankruptcy Code) or a comparable order under a successor statute of general application; or
(B) a comparable order under federal, state, or foreign law governing insolvency;
(4) “department” means the Department of Commerce, Community, and Economic Development;
(5) “distribution” means a transfer of money or other property from a partnership to a partner in the partner’s capacity as a partner or to the partner’s transferee;
(6) “domestic partnership” means a partnership whose internal relations are governed by the laws of this state;
(7) “foreign limited liability partnership” means a partnership that

(A) is formed under laws other than the laws of this state; and
(B) has the status of a limited liability partnership under those laws;
(8) “foreign partnership” means a partnership other than a domestic partnership;
(9) “limited liability partnership” or “domestic limited liability partnership” means a partnership that has filed a statement of qualification under AS 32.06.911 and does not have a similar statement in effect in another jurisdiction;
(10) “partnership” means an association of two or more persons to carry on as co-owners a business for profit formed under Alaska Stat. § 32.06.202, predecessor law, or a comparable law of another jurisdiction;
(11) “partnership agreement” means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement;
(12) “partnership at will” means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking;
(13) “partnership interest” or “partner’s interest in the partnership” means all of a partner’s interests in the partnership, including the partner’s transferable interest and all management and other rights;
(14) “person” means an individual, corporation, business trust, estate, trust, partnership, association, joint venture, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity;
(15) “property” means all property, including real, personal, mixed, tangible, or intangible property, or an interest in property;
(16) “state” means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or a territory or insular possession subject to the jurisdiction of the United States;
(17) “statement” means a statement of partnership authority under Alaska Stat. § 32.06.303, a statement of denial under Alaska Stat. § 32.06.304, a statement of dissociation under Alaska Stat. § 32.06.704, a statement of dissolution under Alaska Stat. § 32.06.805, a statement of merger under Alaska Stat. § 32.06.907, a statement of qualification under Alaska Stat. § 32.06.911, a statement of foreign qualification under Alaska Stat. § 32.06.922, or an amendment or cancellation of any of the foregoing;
(18) “surviving partnership” means a domestic or foreign partnership into which one or more domestic or foreign partnerships are merged, whether or not preexisting the merger or created by the merger;
(19) “transfer” includes an assignment, conveyance, lease, mortgage, deed, and encumbrance;
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