Alaska Statutes Title 14. Education, Libraries, and Museums § 14.40.458. University corporate interests

(1) except to the extent that the president of the university signs a written agreement on behalf of the university that expressly states that the university is liable for the obligations of the corporation and the obligations for which the university is liable are identified in the written agreement; or

(2) unless the university has engaged in fraudulent or other wrongful conduct relating to an obligation of the corporation or to the assets of the corporation that may be used to pay the obligation.

(1) “corporation” means a for-profit corporation, a nonprofit corporation, or a limited liability company, whether or not the corporation or company is organized in this state;

(2) “interest” means a membership, or a share or other ownership interest;

(3) “nonprofit corporation” means a corporation that qualifies for exemption from taxation under 26 U.S.C. 501(c) (Internal Revenue Code);

(4) “university” means the University of Alaska.