Alaska § 10.40.070 - Corporate powers.
Full text of Alaska Alaska Statutes § 10.40.070 — Corporate powers., with citation guidance and answers to common questions.
§ 10.40.070. Corporate powers.
A corporation organized under this chapter may (1) acquire by donation, gift, bequest, devise, or purchase, and hold and maintain real and personal property, and grant, sell, convey, or otherwise dispose of property as may be necessary to carry on or promote the objects of the corporation, but not for the purpose of obtaining revenue or profits from the property;
(2) borrow money and give written obligations for repayment, and give mortgages or other liens upon real or personal property to secure payment of written obligations, when necessary to promote the objects of the corporation;
(3) enter into contracts;
(4) sue and be sued;
(5) adopt and use a common seal by which all deeds and acts of the corporation may be authenticated.
Frequently Asked Questions About Alaska § 10.40.070
What does Alaska Statutes § 10.40.070 cover?
Section 10.40.070 ("Corporate powers.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 10.40.070?
A common citation format is "Alaska Statutes § 10.40.070" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 10.40.070 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.