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Current as of January 01, 2022 | Updated by FindLaw Staff
(a) The Alaska Aerospace Corporation is created as a public corporation of the state. The corporation is a body corporate and politic located for administrative purposes within the Department of Military and Veterans' Affairs and affiliated with the University of Alaska but with a separate and independent legal existence.
(b) The corporation may not be terminated as long as it has bonds, notes, or other obligations outstanding. If the corporation is terminated, it shall be terminated in a manner that permits the University of Alaska and Poker Flat Research Range to continue their research and educational missions uninterrupted.
Cite this article: FindLaw.com - Alaska Statutes Title 26. Military Affairs, Veterans, Disasters, and Aerospace § 26.27.010. Creation and termination of corporation - last updated January 01, 2022 | https://codes.findlaw.com/ak/title-26-military-affairs-veterans-disasters-and-aerospace/ak-st-sect-26-27-010/
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