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Current as of January 01, 2025 | Updated by Findlaw Staff
The stockholders and the members of the corporation have the following powers of the corporation:
(1) to determine the number of and elect directors as provided in AS 10.10.120;
(2) to make, amend, and repeal bylaws;
(3) to amend this charter as provided in AS 10.10.110;
(4) to dissolve the corporation as provided in AS 10.10.180;
(5) to do all things necessary or desirable to secure aid, assistance loans and other financing from any financial institutions, and from any agency established under 15 U.S.C. 661--697 (Small Business Investment Act of 1958), or other similar federal laws now or hereafter enacted;
(6) to exercise other of the powers of the corporation consistent with this chapter which may be conferred on the stockholders and the members by the bylaws.
Cite this article: FindLaw.com - Alaska Statutes Title 10. Corporations and Associations § 10.10.090. Powers of stockholders and members - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-10-corporations-and-associations/ak-st-sect-10-10-090/
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