reglab/housing_qa huggingface dataset:
AK Stat § 10.10.010 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.010. Incorporation.

Three or more persons, who are residents of this state, who desire to create an industrial development corporation under this chapter for the purpose of promoting, developing, and advancing the prosperity and economic welfare of the state and, to that end, to exercise the powers and privileges provided in this chapter, may be incorporated by filing articles of incorporation in the office of the commissioner as provided in this chapter.
AK Stat § 10.10.020 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.020. Assistance of commissioner.

The commissioner shall assist the incorporators in forming the corporation and shall meet with and advise the corporation's board of directors.
AK Stat § 10.10.050 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.050. Authorization of members.

(a) Notwithstanding any rule at common law or provision of a general or special law or provision in their respective charters, agreements of association, articles of organization, or trust indentures, (1) a natural person, domestic corporation, foreign corporation authorized to transact business in the state, insurance company, or a financial institution which becomes a member of the corporation, may acquire, purchase, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of shares of the capital stock of the corporation or bonds, securities or other evidence of indebtedness created by the corporation; and while the owner of shares of capital stock of the corporation may exercise all the rights, powers and privileges of ownership, all without the approval of any regulatory authority of the state except as otherwise provided in this chapter; the amount of capital stock of the corporation which may be acquired by a member may not exceed 10 percent of the loan limit of the member; (2) a financial institution may become a member of the corporation and make loans to the corporation as provided in this chapter. (b) The amount of capital stock of the corporation which a member may acquire under the authority granted in this section is in addition to the amount of capital stock in corporations which the member may otherwise be authorized to acquire.
AK Stat § 10.10.060 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.060. Admission to membership.

A financial institution may request membership in the corporation by making application to the board of directors on the form and in the manner the board of directors require, and membership becomes effective upon acceptance of the application by the board.
AK Stat § 10.10.080 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.080. Duration of membership.

Membership in the corporation is for the duration of the corporation, but upon written notice given to the corporation five years in advance, a member may withdraw from membership in the corporation at the expiration date of the notice.
AK Stat § 10.10.090 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.090. Powers of stockholders and members.

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.
AK Stat § 10.10.100 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.100. Voting by members and stockholders.

(a) On all matters requiring action by the stockholders and the members of the corporation, the stockholders and members shall vote separately by classes, and except as otherwise provided in this chapter, these matters require the affirmative vote of a majority of the votes to which the stockholders present or represented at the meeting are entitled and the affirmative vote of a majority of the votes to which the members present or represented at the meeting are entitled. (b) Each stockholder shall have one vote, in person, by remote communication, or by proxy, for each share of capital stock held by that stockholder, and each member shall have one vote, in person, by remote communication, or by proxy, except that a member having a loan limit of more than $1,000 shall have one additional vote, in person, by remote communication, or by proxy, for each additional $1,000 that the member is authorized to have outstanding on loans to the corporation at any one time as determined under AS 10.10.070(a)(3)(B). (c) A proxy may be executed in writing by a stockholder or by the authorized attorney-in-fact of the stockholder, or executed by electronic transmission by the stockholder or by the authorized attorney-in-fact of the stockholder. A proxy executed by electronic transmission must (1) be directed to the person who will be the holder of the proxy or to a proxy solicitation person, including a proxy support service organization or similar agent that is authorized by the person who will be the holder of the proxy to receive the transmission; and (2) include information that demonstrates that the stockholder authorized the transmission. (d) In this section, “electronic transmission” and “remote communication” have the meanings given in AS 10.06.990.
AK Stat § 10.10.110 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.110. Amendment of articles.

(a) The articles of incorporation may be amended by the vote of the stockholders and the members of the corporation, voting separately by classes. Amendments must be approved by the affirmative vote of two-thirds of the votes to which the stockholders are entitled and two-thirds of the votes to which the members are entitled. An amendment of the articles of incorporation may not be made which is inconsistent with the general purposes expressed in this chapter or which authorizes an additional class of capital stock to be issued, or which eliminates or curtails the right of the commissioner of administration to examine the corporation or the obligation of the corporation to make reports as provided in AS 10.10.150. An amendment of the articles of incorporation which increases the obligation of a member to make loans to the corporation, or makes a change in the principal amount, interest rate, maturity date, or in the security or credit position of an outstanding loan of a member to the corporation, or affects a member's right to withdraw from membership as provided in this chapter, or affects a member's voting rights as provided in this chapter, may not be made without the consent of each member affected by the amendment. (b) Within 30 days after a meeting at which an amendment of the articles of incorporation has been adopted, articles of amendment signed and sworn to by the president, treasurer, and a majority of the directors, setting out the amendment and adoption of the amendment, shall be submitted in duplicate originals to the commissioner who shall examine them, and upon finding that they conform to the requirements of this chapter, shall (1) endorse on each duplicate original the word “filed,” and the date of the filing; (2) file one duplicate original in the commissioner's office; (3) issue a certificate of amendment and affix the other duplicate original to it; (4) return to the corporation or its representative the certificate of amendment, together with the duplicate articles of amendment affixed. (c) Upon the issuance of a certificate of amendment by the commissioner, the amendment becomes effective.
AK Stat § 10.10.120 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.120. Directors and officers; annual and special meetings.

(a) The business and affairs of the corporation shall be conducted by a board of directors, a president, a vice president, a secretary, a treasurer, and other officers and agents the corporation by its bylaws may authorize. The board of directors shall consist of a number not less than seven nor more than 21, determined in the first instance by the incorporators and thereafter annually by the members and the stockholders of the corporation. The board of directors may exercise all the powers of the corporation except those that are conferred by law or by the bylaws of the corporation upon the stockholders or members and shall choose and appoint all the agents and officers of the corporation and fill all vacancies except on the board of directors. The board of directors shall be elected in the first instance by the incorporators and thereafter at the annual meeting, which shall be held during the month of January or, if no annual meeting can be held in the year of incorporation, then within 90 days after the approval of the articles of incorporation at a special meeting. At each annual meeting, or at each special meeting held as provided in this section, the members of the corporation shall elect two-thirds of the board of directors, and the stockholders shall elect the remaining directors. The directors hold office until the next annual meeting of the corporation or special meeting held in lieu of the annual meeting after the election and until their successors are elected and qualified unless sooner removed in accordance with the bylaws. A vacancy in the office of a director elected by the members shall be filled by the directors elected by the members, and a vacancy in the office of a director elected by the stockholders shall be filled by the directors elected by the stockholders. (b) Directors and officers are not responsible for losses unless they are occasioned by the wilful misconduct of the directors and officers.
AK Stat § 10.10.130 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.130. Earned surplus.

Each year the corporation shall set apart as earned surplus not less than 10 percent of its net earnings for the preceding fiscal year until the surplus equals one half of the amount paid in on the capital stock then outstanding. Whenever the amount of the surplus is less than the required amount, it shall be built up again to the required amount in the manner provided for its original accumulation. Net earnings and surplus shall be determined by the board of directors, after providing for reserves the directors consider desirable, and the determination of the directors made in good faith shall be conclusive on all persons.
AK Stat § 10.10.140 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.140. Designation of depository; prohibition against receiving deposits.

The corporation may not deposit any of its funds in a banking institution unless the institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of a director who is an officer or director of the depository. The corporation may not receive money on deposit.
AK Stat § 10.10.150 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.150. Examinations, reports of condition, and required information.

The corporation shall be examined at least once annually by the commissioner of administration and shall make reports of its condition not less than annually to the commissioner of administration and more frequently upon call of the commissioner of administration, who in turn shall make copies of the reports available to the commissioner of commerce, community, and economic development and the governor. The corporation shall also furnish other information that may from time to time be required by the commissioner of administration. The corporation shall pay the actual cost of the examinations.
AK Stat § 10.10.160 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.160. First meeting of corporation.

(a) The first meeting of the corporation shall be called by a notice signed by three or more of the incorporators, stating the time, place, and purpose of the meeting. A copy of the notice shall be mailed or delivered to each incorporator at least five days before the day appointed for the meeting. The first meeting may be held without notice upon agreement in writing signed by all the incorporators. There shall be recorded in the minutes of the meeting a copy of the notice or of the unanimous agreement of the incorporators. (b) At the first meeting, the incorporators shall choose, by ballot, a temporary clerk, adopt bylaws, elect directors by ballot, and act upon other matters within the powers of the corporation. The temporary clerk shall be sworn and shall make and attest a record of the proceedings. A majority of the incorporators, but not fewer than three, shall be a quorum for the transaction of business.
AK Stat § 10.10.170 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.170. Duration of corporation.

The duration of the corporation shall be 50 years, subject, however, to the right of the stockholders and the members to dissolve the corporation before the expiration of that period as provided in AS 10.10.180.
AK Stat § 10.10.180 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.180. Dissolution of corporation.

The corporation may upon the affirmative vote of two-thirds of the votes to which the stockholders are entitled and two-thirds of the votes to which the members are entitled dissolve the corporation. Upon dissolution of the corporation, none of the corporation's assets shall be distributed to the stockholders until all sums due the members of the corporation as creditors of the corporation have been paid in full.
AK Stat § 10.10.185 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.185. Cancellation of corporate filings.

The provisions in AS 10.06 (Alaska Corporations Code) relating to the cancellation of certain corporate filings apply to corporations created under this chapter.
AK Stat § 10.10.190 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.190. Prohibition of pledge of credit of state.

The credit of the state may not be pledged to a corporation organized under the provisions of this chapter.
AK Stat § 10.10.200 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.200. Corporation a “state development company”.

A corporation organized under the provisions of this chapter shall be a state development company, as defined in 15 U.S.C. 661 - 696 (Small Business Investment Act of 1958), or any other similar federal legislation, and shall be authorized to operate on a statewide basis.
AK Stat § 10.10.210 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.210. Definitions.

In this chapter, unless the context otherwise requires, (1) “board of directors” means the board of directors of the corporation created under this chapter; (2) “commissioner” means the commissioner of commerce, community, and economic development; (3) “corporation” means the Alaska Business and Industrial Development Corporation created under this chapter; (4) “financial institution” means a banking corporation or trust company, savings and loan association, insurance company or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing funds; (5) “loan limit” means for any member, the maximum amount permitted to be outstanding at one time on loans made by the member to the corporation, as determined under this chapter; (6) “member” means a financial institution authorized to do business within this state that undertakes to lend money to a corporation created under this chapter, upon its call, and in accordance with this chapter.
AK Stat § 10.10.220 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 10. Business and Industrial Development Corporation Act|Sec. 10.10.220. Short title.

This chapter may be cited as the Business and Industrial Development Corporation Act.
AK Stat § 10.30.010 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations|Sec. 10.30.010. Formation of cemetery association.

Five or more persons who are residents of the same recording district may form themselves into a cemetery association, and elect at least three of their members to serve as trustees, and one member as clerk. The trustees and the clerk hold office at the pleasure of the association.
AK Stat § 10.30.020 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations|Sec. 10.30.020. Records.

The clerk shall keep a record of the proceedings of the meetings of the association, certify to and record one copy of the record together with the name of the association with the recorder in the recording district in which the meeting is held, and file one copy in the office of the clerk of the superior court.
AK Stat § 10.30.030 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations|Sec. 10.30.030. Effect of filing and recording.

Upon filing and recording the record as required in AS 10.30.020 the trustees and members of the association and successors are invested with the powers, privileges, and immunities incident to aggregate corporations.
AK Stat § 10.30.040 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations|Sec. 10.30.040. Succession and powers of trustees.

The trustees of a cemetery association have perpetual succession, and may contract, and prosecute and defend actions.
AK Stat § 10.30.050 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations|Sec. 10.30.050. Bylaws.

A cemetery association may enact bylaws necessary for the proper management of the association and may prescribe the terms on which members may be admitted, the number of its trustees and officers, and the time and manner of their election or appointment, and the time and place of meeting for the trustees and for the association.
AK Stat § 10.30.055 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations|Sec. 10.30.055. Formation of nonprofit cemetery corporation.

As an alternative to the provisions of AS 10.30.010 - 10.30.050, a cemetery may be incorporated under AS 10.20. A nonprofit cemetery corporation is subject to the provisions of AS 10.20 except to the extent that those provisions conflict with the provisions of this chapter relating to cemetery corporations.
AK Stat § 10.30.058 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations|Sec. 10.30.058. Other transactions.

A cemetery association and a nonprofit cemetery corporation may enter into mergers, interest exchanges, conversions, and domestications under AS 10.55 (Alaska Entity Transactions Act).
AK Stat § 10.30.060 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations|Sec. 10.30.060. Power to acquire and dispose of lands, and exemption from execution, taxation, and public appropriation.

A cemetery association or nonprofit cemetery corporation may buy or take by gift or devise, and hold, land not exceeding 80 acres, for the sole purpose of a cemetery. The land is exempt from execution, and from any appropriation to public purposes, and from taxation if intended to be used exclusively for burial purposes and in no way for the profit of the members or trustees of the association or the directors, officers, or employees of the corporation.
AK Stat § 10.30.070 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations|Sec. 10.30.070. Creation and use of irreducible fund.

A cemetery association or nonprofit cemetery corporation may by its bylaws provide that a stated percentage of the money realized from the sale of cemetery lots and donations constitutes an irreducible fund, which may be invested in the manner or loaned upon the securities the association or corporation considers proper. The interest or income from the irreducible fund provided for in a bylaw, or as much as may be necessary, shall be devoted exclusively to (1) the preservation and embellishment of the grounds, buildings, and property of the association or corporation that are related to the operation of a cemetery; (2) the preservation and embellishment of cemetery lots and space in buildings or on grounds sold to the association or corporation that are related to the operation of a cemetery; or (3) the payment of interest and principal of debts authorized by the association or corporation for the purchase of land or equipment or for the construction or improvement of buildings that are related to the operation of a cemetery. If a bylaw has been enacted for the creation of an irreducible fund, the percentage stated in the bylaw may not be reduced.
AK Stat § 10.30.080 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 30. Cemetery Associations and Nonprofit Cemetery Corporations|Sec. 10.30.080. Disposition of income from cemetery land.

After paying for the land, the future receipts and income of a cemetery association or nonprofit cemetery corporation, subject to the creation of an irreducible fund, whether from the sale of lots, from donations, rents, or otherwise, shall be applied exclusively to laying out, preserving, protecting, and embellishing the cemetery and the avenues leading to it, the erection of buildings necessary or convenient for the cemetery purpose, and to paying the necessary expenses of the association or corporation.